Chinook Therapeutics Presents Data from Atrasentan Phase 2 AFFINITY IgA Nephropathy (IgAN) Patient Cohort and Evotec Collaboration at the 59th European Renal Association (ERA) Congress 2022
The AFFINITY IgAN cohort of
Gainers
NeuroMetrix, Inc. (NASDAQ: NURO) shares climbed 34.6% to $4.1993 after the company announced the FDA has granted De Novo authorization to market the Quell neuromodulation device as an aid for reducing the symptoms of fibromyalgia.
Chinook Therapeutics (NASDAQ:KDNY) reported quarterly losses of $(0.54) per share. This is a 38.64 percent increase over losses of $(0.88) per share from the same period last year. The company reported $2.70 million in
Chinook Therapeutics (NASDAQ:KDNY) reported quarterly earnings of $0.14 per share. This is a 111.29 percent increase over losses of $(1.24) per share from the same period last year.
Biotech stock extended lower for a second straight week as risk aversion continued to pressure stocks amid geopolitical tensions and macroeconomic worries.
For most issues in the biotech sector, it was a rough 2021, especially when compared to the gains in the S&P 500 index, Wedbush's Laura Chico said Wednesday on "PreMarket Prep Plus."
Chico, the senior vice president of biotech equity research at the analyst firm, said she attributes the underperformance to a few factors.