Following were the major gainers in the Biotech Sector on Friday. Keep these stocks on your radar this week.
Novan, Inc. (NASDAQ:NOVN) was one of the gainers in the Biotech Sector as the stock went up62.39% to close at $14.68.Last week, the company announced positive topline efficacy and safety results for the B-SIMPLE4 pivotal Phase 3 clinical study of SB206, a topical antiviral gel, for the treatment of molluscum contagiosum (“molluscum”).
Evofem Biosciences, Inc .(NASDAQ:EVFM) was one of thegainers in the Biotech Sector as the stock closed at $1.25, higher by 19.05%.Stock has a 52-week range of $0.751-$5.53. Stock witnessed heavy volumes at87.56 million shares as compared to its 30-day average volume of 10.45 million shares.
Aptinyx Inc. (NASDAQ:APTX) increased by 9.03% to end the session at $3.50. Last month, the company reported financial results for the first quarter of 2021 and highlighted recent progress across the company’s pipeline of novel, clinical-stage, NMDA receptor modulators. Company, last month, also announced the election of Joan W. Miller, M.D. to its board of directors.
Progenity, Inc. (NASDAQ:PROG) was one of the gainers in the Biotech Sector as the stock went up28.92% to close at $3.21.Last week, the company announced that it has entered into a definitive securities purchase agreement with two leading healthcare-focused investment funds for the sale of units consisting of shares of common stock and warrants to purchase common stock, as described below, in a private placement expected to result in gross proceeds to Progenity of approximately $40 million, before deducting placement agent commissions and other offering expenses.
