9 Meters Biopharma shares are trading lower after the company announced on July 17th it, along with its subsidiaries, ceased operations and filed a voluntary petition for relief under the Bankruptcy Code.
Portfolio Pulse from Benzinga Newsdesk
9 Meters Biopharma has announced that it and its subsidiaries have ceased operations and filed for bankruptcy. This has led to a decrease in the company's share price.
July 18, 2023 | 12:26 pm
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9 Meters Biopharma, listed as NMTR, has ceased operations and filed for bankruptcy, causing a drop in its share price.
The announcement of bankruptcy by 9 Meters Biopharma and cessation of its operations has led to a decrease in its share price. This is a direct impact on the company's financial stability and investor confidence, leading to a negative short-term impact on the stock.
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IMPORTANCE 100
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