Aadi Bioscience, Inc. (NASDAQ:AADI – Get Free Report)’s share price shot up 0.5% during trading on Thursday . The company traded as high as $4.42 and last traded at $4.39. Approximately 435,521 shares traded hands during trading, an increase of 67% from the average daily volume of 261,100 shares. The stock had previously closed at $4.37.
Aadi Bioscience Stock Up 0.5%
The company has a market cap of $108.42 million, a P/E ratio of -1.93 and a beta of 0.68. The business has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $3.45.
About Aadi Bioscience
Aadi Bioscience, Inc is a clinical-stage biopharmaceutical company focused on developing precision medicines for genomically defined cancers. Headquartered in Redwood City, California, Aadi Bioscience was founded in 2012 and went public in 2019 on the Nasdaq Stock Market under the ticker AADI. The company’s research strategy centers on identifying molecular drivers of tumor growth and designing small-molecule inhibitors that target these pathways.
The company’s lead product candidate, fimepinostat (CUDC-907), is a novel dual inhibitor of histone deacetylase (HDAC) and phosphatidylinositol 3-kinase (PI3K).
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