Generally, stocks tend to fall after the announcement of capital raises as it leads to dilution. This way they can capitalize on the stock’s rise and also raise the much-needed capital to bridge their cash burn. Usually, these companies announce a capital raise just after announcing a positive clinical trial. Capital raiseĬlinical stage biopharma companies burn a lot of cash towards research and development and clinical trials. The stock crossing above the key resistance level is a bullish technical indicator. It has crossed above the 200-day SMA (simple moving average) which it could not break since December 2020. However, as the US stock markets crashed in the first quarter of 2020, the stock fell to almost the IPO price level. It made its all-time high in January 2020. The company went public in 2019 and priced the IPO at $12 per share. RAPT stock was trading flat for the year before the trial findings were released. Looking to buy RAPT? Invest now at eToro!ħ5% of all retail investor accounts lose money when trading CFDs with this provider. RAPT stock jumped sharply as markets gave a thumbs up to the trial results. He added, “We look forward to advancing RPT193 to a Phase 2b trial in atopic dermatitis and a Phase 2a trial in asthma.”Ĭlinical stage biopharma companies tend to react sharply to the trial results. “These data strongly support the potential of RPT193 as a safe, once-daily, oral treatment for patients with atopic dermatitis which would be an attractive therapeutic alternative ahead of injectable drugs,” said Brian Wong, M.D., Ph.D., President, and CEO of RAPT. In contrast, there was a 17% improvement of patients in the placebo group. The results showed a 36.3% improvement in EASI (Eczema Area and Severity Index) score from baseline for the patients who were treated with RPT193. RAPT stock spiked yesterday after it released positive trial results for its Phase 1b clinical trial of RPT193. It also has several other targets under development but these are in the discovery stage. The company has discovered and advanced two unique drug candidates, FLX475 and RPT193 for cancer and inflammation. Rapt Therapeutics is a clinical-stage biopharmaceutical company working on advancing the treatment for cancer and inflammation. What’s the forecast for the stock in 2021 and is it a good stock to buy in June 2021? The final column compares the monthly metric with that of the first month.Rapt Therapeutics (RAPT) stock rose over 115% yesterday and is trading higher in US premarket price action today also. The third column will help you learn the relative growth. The second column shows you the growth in percentage units. Now let us see a table containing the monthly growth values of RAPT. Each bar represents the growth during a month compared to the average price of the previous month. The second section will help you learn the monthly growth of RAPT Therapeutics Inc (RAPT) in 2020.
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