Santhera Pharmaceuticals (OTCMKTS:SPHDF) Trading 9.2% Higher – Time to Buy?

Santhera Pharmaceuticals Holding AG (OTCMKTS:SPHDFGet Free Report)’s stock price shot up 9.2% during mid-day trading on Wednesday . The company traded as high as $21.78 and last traded at $21.78. 2,800 shares were traded during trading, an increase of 71% from the average session volume of 1,633 shares. The stock had previously closed at $19.95.

Santhera Pharmaceuticals Price Performance

The business has a 50 day moving average price of $17.20 and a two-hundred day moving average price of $15.37.

About Santhera Pharmaceuticals

(Get Free Report)

Santhera Pharmaceuticals is a Swiss specialty pharmaceutical company focused on the development and commercialization of innovative therapies for rare neuromuscular and pulmonary diseases. Headquartered in Pratteln, Switzerland, the company concentrates on addressing high unmet medical needs in conditions such as Duchenne muscular dystrophy (DMD), limb‐girdle muscular dystrophies and other mitochondrial or neuromuscular disorders. Santhera’s corporate strategy emphasizes both in‐house development and strategic partnerships to advance its drug candidates through clinical trials and bring approved therapies to market.

The company’s flagship marketed product is Raxone (idebenone), a synthetic analogue of coenzyme Q10 that received marketing authorization in Europe for the treatment of visual impairment in patients with Leber’s hereditary optic neuropathy (LHON).

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