Athersys Inc. (NASDAQ:ATHX) traded today at a new 52-week low of $1.35. So far today approximately 493,000 shares have been exchanged, as compared to an average 30-day volume of 2.3 million shares.
Athersys Inc. (NASDAQ:ATHX) is currently priced 6.3% above its average consensus analyst price target of $1.30.
Athersys Inc is a biotechnology company. It is focused on developing novel and proprietary therapies in the areas where there is a unmet medical need, particularly in the regenerative medicine area. The firm’s main product is Multistem cell therapy. Its current clinical development programs are focused on treating neurological conditions, cardiovascular disease, inflammatory and immune disorders and certain pulmonary conditions. Its revenue has been derived from corporate collaborations, license agreements, and government grants.
Over the past year, Athersys Inc. has traded in a range of $1.35 to $3.21 and is now at $1.39.
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