Reported Earlier, Inhibikase Therapeutics Issues A Letter To Shareholders And Comments On Recent Trading Activity; Says 'Unusually High Volume and Steep Declines in Price Have Impacted the Stock With No Identifiable Cause
Portfolio Pulse from Benzinga Newsdesk
Inhibikase Therapeutics (NASDAQ:IKT) has issued a letter to shareholders addressing the recent steep decline in its stock price, which it says has no identifiable cause. The company continues to advance its work in Parkinson's Disease, Chronic Myelogenous Leukemia (CML) and Multiple System Atrophy (MSA). It recently presented safety and tolerability data for its drug risvodetinib at the Movement Disorder Society Congress. The company also highlighted the progress of its 201 Trial in untreated Parkinson's disease and the potential of risvodetinib in treating other Parkinson's-related diseases. The company's cash position is sufficient to fund operations into Q4 2024.
September 20, 2023 | 3:45 pm
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Inhibikase Therapeutics' stock price has seen a steep decline recently, with the company stating there is no identifiable cause. The company continues to progress in its clinical trials and maintains a healthy cash position to fund operations until Q4 2024.
The company's stock price has seen a steep decline recently, which the company states has no identifiable cause. This could cause uncertainty among investors. However, the company continues to make progress in its clinical trials and maintains a healthy cash position, which could reassure investors about the company's financial stability and future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100