Basilea Pharmaceutica (OTCMKTS:BPMUF) Shares Gap Up – Should You Buy?

Basilea Pharmaceutica AG (OTCMKTS:BPMUF – Get Free Report)’s share price gapped up before the market opened on Friday. The stock had previously closed at $65.50, but opened at $76.25. Basilea Pharmaceutica shares last traded at $76.25, with a volume of 10 shares changing hands.

Basilea Pharmaceutica Stock Performance

The stock’s 50 day simple moving average is $72.44 and its 200-day simple moving average is $68.11.

About Basilea Pharmaceutica

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Basilea Pharmaceutica Ltd. is a Switzerland-based biopharmaceutical company focused on developing and commercializing medicines for serious bacterial and fungal infections. The company’s portfolio is intended primarily for use in hospitals and other specialized-care settings where drug-resistant pathogens and complex infections present significant treatment challenges.

Basilea’s key products include Cresemba (isavuconazole), an antifungal medicine used to treat invasive aspergillosis and mucormycosis, and Zevtera (ceftobiprole), a cephalosporin antibiotic used for certain serious bacterial infections.

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