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Capricor breaks out of consolidation, up 30%

Published 01/26/2018, 10:39 AM
© Reuters.  Capricor breaks out of consolidation, up 30%
CAPR
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  • Capricor Therapeutics (CAPR +29.6%) has cleared near-term consolidation on triple normal volume.
  • Ten days ago, it announced that it had expanded its licensing deal with Cedars-Sinai Medical Center, securing exclusive global rights to develop cardiosphere-derived cells (CDCs) and other candidates.
  • A Phase 2 clinical trial, HOPE-2, assessing Duchenne muscular dystrophy candidate CAP-1002 is poised to start enrollment.
  • At the end of September 2017, the company had ~$13.9M in quick assets. Operations consumed $11.6M through the first three quarters.
  • Previously: Capricor licenses additional patent applications from Cedars-Sinai Medical Center for cellular and exosome-based technologies (Jan. 16)
  • Now read: Amarin: REDUCE-IT Nears Completion


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