Gemphire Therapeutics Shares Fall Over 50% in Heavy Trading -- Market Mover

Date : 08/10/2018 @ 3:33PM
Source : Dow Jones News
Stock : Gemphire Therapeutics Inc. (GEMP)
Quote : 1.12  0.0 (0.00%) @ 1:00AM

Gemphire Therapeutics Shares Fall Over 50% in Heavy Trading -- Market Mover

GEMPHIRE THERAPEUTICS INC. (NASDAQ:GEMP)
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Gemphire Therapeutics Inc. (GEMP) saw its shares drop by over 50% in Friday trading, after the company announced the termination of a clinical trial of gemcabene. At 10:51 a.m. EDT, Gemphire shares had fallen to $1.38, down 57.80%, in heavy trading. Earlier in the week, the company announced it amended an agreement with Pfizer, Inc. concerning gemcabene. Shares opened the trading week at $7.55, and have been paused several times on Friday due to trading volatility. (stephen.nakrosis@wsj.com)

 

(END) Dow Jones Newswires

August 10, 2018 11:18 ET (15:18 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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