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ImmuPharma shares dropped 31.4% on Monday amid heavy trading, with no public reason given.
ImmuPharma (LON:IMM) shares plunged 31.4% on Monday, closing at GBX 6.70 after a surge in trading volume to 27.3 million shares—242% above average.
The drop followed a previous close of GBX 9.76, with the stock trading below its 50-day and 200-day moving averages.
The company, a London-listed biopharmaceutical firm developing peptide-based therapies for autoimmune diseases, has a market cap of £33.68 million and a negative P/E ratio.
Its lead candidate, P140 (Lupuzor™), is in development for lupus.
No public explanation for the decline was provided.
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Las acciones de ImmuPharma cayeron un 31.4% el lunes en medio de un intenso comercio, sin dar ninguna razón pública.