Biotech Gainers in Hot List- Verastem, Inc. (NASDAQ:VSTM), Therapix Biosciences Ltd. (NASDAQ:TRPX)


Verastem, Inc. (NASDAQ:VSTM) try to make new thrust in street and making different trends, stocks trading ended with 10.81% to $3.28. Verastem, Inc. (VSTM) released the grant of stock options to six new employees to purchase an aggregate of 364,000 shares of Verastem’s common stock. The options were granted as an inducement material to the employees’ acceptance of employment with Verastem in accordance with Nasdaq Listing Rule 5635(c)(4).

The options have an exercise price equal to $2.88, the closing price of Verastem’s common stock as reported by Nasdaq on April 2, 2018. One-fourth of the shares underlying each employee’s option will vest on the one-year anniversary of his or her date of hire, and thereafter, an additional 6.25% of the shares subject to the options will vest at the end of each successive three-month period, provided that the employee continues to serve as an employee of or other service provider to Verastem on each such vesting date. The share price of VSTM attracts active investors, as stock price of week volatility recorded 6.65%. The stock is going forward to its 52-week low with 103.73% and lagging behind from its 52-week high price with -42.56%.

Therapix Biosciences Ltd. (NASDAQ:TRPX) moved up reacts as active mover, shares increase 15.58% to traded at $6.01 and the percentage gap between open changing to regular change was 36.92%. Therapix Biosciences Ltd. reported positive results in a examination of a treatment for Tourette syndrome. The company declared a phase IIa study of its proprietary cannabinoid product platform THX-IIO significantly improved symptoms of the condition over time.

Chief Technology Officer AdiZuloff-Shani stated in a statement that “These results are of particular interest as the pharmacology of THX-110 appears to be distinct from existing medications for TS and may offer a unique option for treating these patients. Sixteen patients participated in the study and the company is now planning a further placebo-controlled trial. Tourette syndrome is a neurological condition that is characterized by involuntary tics and vocalizations, that can include streams of swearing and obscene language.


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