Shares of Cleveland BioLabs Inc. (NASDAQ:CBLI) traded at a new 52-week high today of $6.47. This new high was reached on above average trading volume as 19.7 million shares traded hands, while the average 30-day volume is approximately 443,000 shares.
Based on a current price of $6.04, Cleveland BioLabs Inc. is currently 9.8% above its average consensus analyst price target of $5.45.
Cleveland BioLabs Inc. share prices have moved between a 52-week high of $6.47 and a 52-week low of $1.27 and are now trading 376% above that low price at $6.04 per share.
Cleveland BioLabs Inc is a biopharmaceutical company. The company is developing novel approaches to activate the immune system and address serious medical needs. Its proprietary platform of Toll-like immune receptor activators has applications in the mitigation of radiation injury and immuno-oncology. Its lead product candidate is entolimod, an immuno-stimulatory agent, which is developed as a radiation countermeasure and immunotherapy for oncology and other indications. Entolimod is a Toll-like receptor 5 (TLR5) agonist, which is developed as a radiation countermeasure for prevention of death from Acute Radiation Syndrome (ARS), and as an oncology drug.
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