Starpharma Holdings Ltd. (OTCMKTS:SPHRY – Get Free Report)’s stock price was down 13.7% during trading on Friday. The stock traded as low as $5.05 and last traded at $5.05. Approximately 1,020 shares traded hands during trading, a decline of 35% from the average daily volume of 1,570 shares. The stock had previously closed at $5.85.
Starpharma Stock Down 13.7%
The company has a 50 day moving average of $5.23 and a 200-day moving average of $4.75.
Starpharma Company Profile
Starpharma Holdings Limited is an Australian biotechnology company focused on developing medicines and healthcare products using its proprietary dendrimer technology. Dendrimers are highly branched molecules that can be engineered for applications including drug delivery, antiviral treatment and targeted therapies.
The company’s lead product is astodrimer sodium, also known as SPL7013, which was developed as a non-antibiotic treatment for bacterial vaginosis under the VivaGel brand. Starpharma has also investigated the compound and related dendrimer technologies for antiviral applications, including products designed to help prevent or reduce viral infection.
Starpharma has entered licensing and commercialization arrangements for selected products and technologies in international markets.
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