Shares of Paratek Pharmaceuticals Inc. (NASDAQ:PRTK) traded today at $10.01, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 302,000 shares traded hands, while the average 30-day volume is approximately 409,000 shares.
Over the past year, Paratek Pharmaceuticals Inc. has traded in a range of $4.11 to $10.01 and is now at $9.12, 122% above that low.
Paratek Pharmaceuticals Inc is a clinical-stage biopharmaceutical company. The company’s medical research is based on tetracycline chemistry and biology to create two antibacterials: omadacycline and sarecycline. NUZYRA (Omadacycline) is an antibacterial for skin infections and treatment of community-acquired bacterial pneumonia. SEYSARA (Sarecycline) is designed for use in the treatment of acne and rosacea. Paratek Pharmaceuticals is also involved in research to treat multiple sclerosis, spinal muscular atrophy, and systemic inflammatory diseases such as rheumatoid arthritis and inflammatory bowel diseases.
Potential upside of 37.5% exists for Paratek Pharmaceuticals Inc., based on a current level of $9.12 and analysts’ average consensus price target of $12.54.
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