Global Blood Therapeutics Inc. (NASDAQ:GBT) traded today at a new 52-week low of $28.88. 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. share prices have moved between a 52-week high of $74.06 and the current low of $28.88 and are currently at $29.22 per share.
Potential upside of 0.7% exists for Global Blood Therapeutics Inc., based on a current level of $29.22 and analysts’ average consensus price target of $29.42.
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