Clinuvel Pharmaceuticals (OTCMKTS:CLVLY) Trading Down 0.4% – What’s Next?

Clinuvel Pharmaceuticals Limited (OTCMKTS:CLVLYGet Free Report) shares were down 0.4% on Thursday . The stock traded as low as $7.80 and last traded at $7.99. Approximately 815 shares changed hands during trading, a decline of 74% from the average daily volume of 3,077 shares. The stock had previously closed at $8.0250.

Clinuvel Pharmaceuticals Trading Down 0.4%

The business has a 50-day moving average price of $8.22 and a 200-day moving average price of $7.85.

Clinuvel Pharmaceuticals Company Profile

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Clinuvel Pharmaceuticals Limited is an Australian biopharmaceutical company headquartered in Melbourne, specializing in the development and commercialisation of photoprotective and phototherapeutic solutions. The company’s research centers on harnessing the skin’s natural photoprotective pathways by modulating the melanocortin system, with a view to addressing a range of skin disorders and conditions that are exacerbated by ultraviolet light exposure.

The company’s flagship product, Scenesse (afamelanotide), is the first systemic photoprotective drug approved by both the European Medicines Agency and the U.S.

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