What's Going On With Matinas Biopharma Holdings Stock?
Portfolio Pulse from Erica Kollmann
Matinas Biopharma Holdings, Inc. (AMEX:MTNB) shares are trading higher after the company announced complete clinical resolution of a patient's recurrent hemorrhagic cystitis following treatment with MAT2203. The patient was treated under Matinas' Expanded Access/Compassionate Use Program. The company's shares are moving on very heavy trading volume, with more than 197 million shares traded in the session, far exceeding the stock's 100-day average of 1.146 million shares. The shares are up 113% at 33 cents at the time of publication.
October 11, 2023 | 5:44 pm
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POSITIVE IMPACT
Matinas Biopharma Holdings shares are trading higher after successful treatment of a patient with MAT2203. The shares are up 113% and trading volume is significantly higher than the 100-day average.
The successful treatment of a patient with MAT2203 has led to a positive impact on Matinas Biopharma Holdings' stock. The news has increased investor confidence in the company's product, leading to a surge in the stock price and trading volume.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100