Pharma Mar (OTCMKTS:PHMMF) Hits New 52-Week Low – Here’s Why

Pharma Mar (OTCMKTS:PHMMF – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $77.09 and last traded at $77.09, with a volume of 360 shares. The stock had previously closed at $94.60.

Pharma Mar Stock Performance

The business has a 50-day moving average price of $93.53 and a 200 day moving average price of $93.44.

About Pharma Mar

(Get Free Report)

Pharma Mar, SA is a Spanish biopharmaceutical company focused on discovering, developing and commercializing innovative medicines derived from marine organisms. The company specializes primarily in oncology and maintains a research platform dedicated to identifying novel compounds with potential anticancer activity.

Its principal products include Yondelis (trabectedin), an anticancer treatment used in certain cases of advanced soft-tissue sarcoma and ovarian cancer, and Zepzelca (lurbinectedin), a therapy developed for patients with metastatic small-cell lung cancer whose disease has progressed during or after platinum-based chemotherapy.

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