Shares of Idera Pharmaceuticals Inc. (NASDAQ:IDRA) traded at a new 52-week high today of $6.06. Approximately 253,000 shares have changed hands today, as compared to an average 30-day volume of 385,000 shares.
Based on a current price of $6.02, Idera Pharmaceuticals Inc. is currently 21.1% above its average consensus analyst price target of $4.75.
In the past 52 weeks, shares of Idera Pharmaceuticals Inc. have traded between a low of $0.81 and a high of $6.06 and is now at $6.02, which is 640% above that low price.
Idera Pharmaceuticals Inc is a clinical-stage biopharmaceutical company involved in the discovery, development, and commercialization of innovative therapeutics for oncology and rare diseases. The company has developed two distinct proprietary drug-discovery technology platforms: Toll-like receptor and third-generation antisense technology. The Toll-like receptor technology helped the company create synthetic oligonucleotide-based drug candidates.
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