DENVER, Colo., Oct. 16, 2023 (www.247marketnews.com)- The following companies published announcements or are trading higher on higher-than-usual midday volume; Processa Pharmaceuticals Inc (NASDAQ: PCSA), Mereo BioPharma Group PLC (NASDAQ: MREO), Tempest Therapeutics Inc (NASDAQ: TPST), Momentus Inc (NASDAQ: MNTS), E2open Parent Holdings Inc (NYSE: ETWO), and Lexicon Pharmaceuticals Inc (NASDAQ: LXRX).
News
Processa Pharmaceuticals to Present at the ThinkEquity Conference- Processa Pharmaceuticals Inc (NASDAQ: PCSA) is trading at $0.64, up $0.16 (+33.33%), on 41.06M shares traded.
Ultragenyx and Mereo BioPharma Announce Interim Phase 2 Data from Phase 2/3 Orbit Study Demonstrating Setrusumab (UX143) Significantly Reduced Fracture Rates in Patients with Osteogenesis Imperfecta (OI)- Mereo BioPharma Group PLC (NASDAQ: MREO) is trading at $1.65, up $0.36 (+27.91%), on 14.72M shares traded.
Momos
Today’s momentum movers include;
Tempest Therapeutics Inc (NASDAQ: TPST) is trading at $6.27, up $2.63 (+72.25%), on 79.73M shares traded. We featured this around a dollar last wee and after running to a high of $11.50, it dropped, but has held on to enough of its gains to stay in play.
Momentus Inc (NASDAQ: MNTS) is trading at $4.40, up $1.29 (+41.48%), on 24.02M shares traded.
E2open Parent Holdings Inc (NYSE: ETWO) Marathon Digital Holdings Inc (NASDAQ: MARA) is trading at $3.09, up $0.64 (+26.12%), on 7.76M shares traded.
Lexicon Pharmaceuticals Inc (NASDAQ: LXRX) is trading at $1.38, up $0.19 (+15.96%), on 3.55M shares traded.
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Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
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