Aligos Therapeutics to undergo 1-25 reverse stock split on Aug 19th due to low stock prices.

Clinical-stage biopharmaceutical company Aligos Therapeutics is set to undergo a reverse stock split of 1-25 on August 19th due to low stock prices. The company, which focuses on novel therapeutics for viral and liver diseases, reported Q2 earnings of $0.03 per share and is in the process of a Phase 2a clinical trial for non-alcoholic steatohepatitis (NASH) with drug candidate ALG-055009. Institutional investors like Acadian Asset Management LLC, Opaleye Management Inc., Armistice Capital LLC, and Altitude Crest Partners Inc. have increased their stakes in the company.

August 17, 2024
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