Will 9 Meters Biopharma Inc (NASDAQ:NMTR) Rally?

9 Meters Biopharma Inc (NASDAQ:NMTR) is trading slightly lower in pre-market trading after the news.

Market Action

As of 8.43, NMTR stock is trading down by 0.87% at $1.14.

NMTR Issues News

9 Meters Biopharma, Inc. Receives USAN Approval to Use the Designated Nonproprietary Name Vurolenatide for Its Long-Acting GLP-1 Agonist for Short Bowel Syndrome

  • NMTR announced today that the United States Adopted Names (USAN) Council has officially designated the Company’s long-acting injectable glucagon-like peptide-1 (GLP-1) receptor agonist drug candidate for short bowel syndrome, NM-002, as “vurolenatide.”

“Unlike other agents in development for short bowel syndrome, vurolenatide is distinct not only from other GLP-1 agonists, but especially from GLP-2 agonists. As demonstrated recently in our Phase 1b/2a study, its potential includes rapid onset, sustained duration, and improvement in total stool output (TSO)-which mitigates the chronic diarrhea that profoundly impacts the quality of life for SBS patients,” said John Temperato, President & Chief Executive Officer of 9 Meters.

Patrick H. Griffin, M.D., Chief Medical Officer of 9 Meters, added, “The endpoints and inclusion criteria we plan to deploy in our clinical programs are unique to vurolenatide, have been developed after consultation with the FDA and are intended to reflect what we believe are vurolenatide’s clinical advantages.”

Trader Notes

Share Information

SHARES OUTSTANDING250.57 M
SHARE FLOAT (%)238.95 M (94.62%)
% HELD BY INSTITUTIONS24.92

Recent Stock Performance

5-DAY PERF.-1.71%
1-MONTH PERF.-1.71%
3-MONTH PERF.-41.62%
6-MONTH PERF.+38.60%
YTD PERF.+33.88%
1-YEAR PERF.+88.83%

Moving Averages

+/- EMA(20)1.16 (-0.86%)
+/- SMA(50)1.30 (-11.54%)
+/- SMA(200)1.05 (+9.52%)
Pivot Points
NameS3S2S1Pivot PointsR1R2R3
Classic1.01671.04331.09671.12331.17671.20331.2567
Fibonacci1.04331.07391.09281.12331.15391.17281.2033
Camarilla1.12801.13531.14271.12331.15731.16471.1720
Woodie0.95001.01001.03001.09001.11001.17001.1900
DeMark1.11001.12331.1900
Technical Indicators
SymbolValueResultSymbolValueResult
ADX21.3197NeutralATR140.0903
CCI20-34.9857NeutralChaikin Money Flow0.0379Neutral
MACD-0.0441SellMoney Flow Index45.9967Sell
ROC-8.0000SellRSI48.3078Buy
STOCH (14,3)58.2524NeutralSTOCH RSI1.0000OverBought
UO55.3606SellWilliams %R-41.7476Neutral

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