(24/7 MARKET NEWS) – Relmada Therapeutics, Inc. (Nasdaq: RLMD) is crashing after announcing Top-line Results from Phase 3 RELIANCE III Trial for REL-1017 as a Monotherapy for the Treatment of Major Depressive Disorder (“MDD”).
The late-stage biotechnology company addressing diseases of the central nervous system may be oversold and is at $5.69, down $26.00 (-82.04%), on volume of over 800 thousand shares traded in this morning’s premarket. Just because it may be oversold, doesn’t mean it can’t go lower, so tight stop losses and scaling into position strategies should be employed.
Its RELIANCE I and II trials of REL-1017, a potential new therapy for the adjunctive treatment of MDD, continue and its 52-week range is $15.735 to $38.68.
For full press release, please go to; https://www.prnewswire.com/news-releases/relmada-therapeutics-announces-top-line-results-from–phase-3-reliance-iii-trial-for-rel-1017-as-a-monotherapy-for-the-treatment-of-major-depressive-disorder-301648190.html
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