Shares of Global Blood Therapeutics Inc. (NASDAQ:GBT) traded today at $28.54, breaking its 52-week low. This new low was reached on below average trading volume as 153,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Global Blood Therapeutics Inc operates in the healthcare sector of the United States. It discovers and develops novel therapeutics to address blood-based disorders. GBT440, its lead drug candidate targets the underlying mechanism of red blood cell (RBC) sickling, which provides the potential to treat sickle cell disease. GBT440. an oral, once-daily therapy arrests abnormal hemoglobin polymerization, the underlying mechanism of RBC sickling. In addition, the company is engaged in other research and development activities targeted at hereditary angioedema and owns exclusively licensed rights to its portfolio of product candidates in the United States, Europe, and other major markets.
Global Blood Therapeutics Inc. (NASDAQ:GBT) is currently priced 1.0% above its average consensus analyst price target of $28.61.
In the past 52 weeks, shares of Global Blood Therapeutics Inc. have traded between the current low of $28.54 and a high of $74.06 and is now at $28.90.
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