MyMD Pharmaceuticals (NASDAQ:MYMD) Shares Down 6.8% – What’s Next?

MyMD Pharmaceuticals, Inc. (NASDAQ:MYMDGet Free Report)’s stock price traded down 6.8% during mid-day trading on Friday . The company traded as low as $0.13 and last traded at $0.15. 6,687,900 shares changed hands during mid-day trading, an increase of 4,886% from the average session volume of 134,123 shares. The stock had previously closed at $0.16.

MyMD Pharmaceuticals Price Performance

The company has a 50-day moving average price of $0.20 and a two-hundred day moving average price of $0.62.

About MyMD Pharmaceuticals

(Get Free Report)

MyMD Pharmaceuticals, Inc, a clinical development stage pharmaceutical company, focuses on developing various therapeutic platforms to treat the aging and age-related and autoimmune diseases, and chronic pain, anxiety, and sleep disorders. The company is developing MYMD-1, a drug platform based on a clinical stage small molecule that regulates the immune system and its pro-inflammatory cytokines to prevent and treat autoimmune diseases and age-related illnesses, and a Phase 2 clinical trial for sarcopenia, multiple sclerosis, diabetes, inflammatory bowel diseases, and rheumatoid arthritis; inflammation related depression and anxiety; and COVID-19-associated depression.

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