Shares of Gemini Therapeutics, Inc. (NASDAQ:GMTX – Get Free Report) dropped 5.5% on Monday . The company traded as low as $69.2750 and last traded at $70.06. 628,948 shares changed hands during trading, an increase of 232% from the average session volume of 189,291 shares. The stock had previously closed at $74.14.
Gemini Therapeutics Stock Down 5.5%
The company has a market cap of $3.04 billion, a PE ratio of -70.06 and a beta of -0.12. The firm has a 50 day simple moving average of $77.77 and a 200-day simple moving average of $70.89.
Gemini Therapeutics Company Profile
Gemini Therapeutics was a clinical-stage biotechnology company focused on developing precision medicines for genetically defined diseases. The company’s research centered primarily on ophthalmology, with an emphasis on therapies for retinal and complement-related disorders.
Its lead investigational product was GEM103, a recombinant form of human complement factor H. Gemini evaluated GEM103 as a potential treatment for geographic atrophy, an advanced form of dry age-related macular degeneration associated with degeneration of the retina.
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