Home Financial Markets Penny Stocks Genfit SA (GNFT): Recent Developments Show Potential, Soared 145% After-Market

Genfit SA (GNFT): Recent Developments Show Potential, Soared 145% After-Market

Shares of drugmaker Genfit SA (GNFT) soared after the ring of the bell on Tuesday. In the after-market session, the stock added more than 145% to its value reaching $13.00.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

Shares of the company gained by 0.95% during the regular session on Tuesday trading as high as $5.38 while $5.13 remained the day’s low. During the trading session, a total of 0.97 million shares were traded which represents a 1214.53% rise from the average session volume which is 73.63K shares. GNFT had ended its last session trading at $5.29.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

What the company do?

GENFIT is a late-stage biopharmaceutical firm devoted to changing the life of cholestatic and metabolic chronic liver disease patients. With a long tradition and deep research legacy spanning more than two decades, GENFIT is a leader in the area of nuclear receptor-based drug development. GENFIT is currently participating in ELATIVE, a Phase 3 clinical trial in patients with primary biliary cholangitis testing elafibranor (PBC). Elafibranor is an investigational drug that has not yet been reviewed by any regulatory body and has not obtained clearance.

Recent Developments:

Yesterday, the company announced the publication of positive Phase 2 clinical results of elafibranor in the Journal of Hepatology in patients with Primary Biliary Cholangitis (PBC) who did not respond to ursodeoxycholic acid.

These results confirm our rationale for looking at elafibranor as a novel treatment for PBC and convince us that a pivotal Phase 3 trial is imperative, said CMO of Genfit, Dr. Carol Addy. PBC remains a disease with unmet medical needs, partly because a substantial number of patients have inadequate responses to existing treatments or cannot benefit from them, she added.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

What’s next for elafibranor?

The Food and Drug Administration (FDA) categorized elafibranor as Breakthrough Therapy based on the Phase 2 data. Additionally, the European Medicines Agency (EMA) classified it as an Orphan Drug. GENFIT has begun recruiting patients for the pivotal Phase 3 clinical trial ELATIVE to investigate the safety and effectiveness of elafibranor among patients with PBC and insufficient response to UDCA.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Onesmart International Education Group Ltd. (ONE) stock surges during current market. What’s driving it high?

Onesmart International Education Group Ltd. (NASDAQ: ONE) stock gains by 111.86% in the current market trading session. OneSmart International Education is a major Chinese...

LivePerson Inc. (LPSN) stock plunge during pre-market. What’s driving it low?

LivePerson Inc. (NASDAQ: LPSN) stock gained by 0.86% at last close whereas the LPSN stock declines by 9.39% in the pre-market trading session. Through...

The Clorox Company Ltd. (CLX) stock decline during pre-market. Here’s the recent update

The Clorox Company Ltd. (NASDAQ: CLX) stock gained by 0.17% at last close whereas the CLX stock price fell by 11.59% in the pre-market....

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

OneConnect Financial Technology Inc. (OCFT) stock plunge during current market. Here’s what you should know.

OneConnect Financial Technology Inc. (NASDAQ: OCFT) stock declines by 22.12% in the current market trading. In China, OneConnect is the most popular technology-as-a-service platform...

Invitae Corporation Inc. (NVTA) stock surge during current market. Here’s the update:

Invitae Corporation Inc. (NASDAQ: NVTA) stock gains by 12.35% in the current market trading session. Invitae Corporation is a prominent medical genetics business whose...

LivePerson Inc. (LPSN) stock plunge during pre-market. What’s driving it low?

LivePerson Inc. (NASDAQ: LPSN) stock gained by 0.86% at last close whereas the LPSN stock declines by 9.39% in the pre-market trading session. Through...

Related News

What Caused The Sino United Worldwide (SUIC) Stock To Drop 50%?

In the last session, the price of Sino United Worldwide Consolidated Ltd (OTCPink: SUIC) spiraled -50.82% to $5.4000. During the session, Sino United's stock...

On What Basis Did HIRU Stock Rise 43%?

Hiru Corp stock blasted into the green at the previous close, rising 43.00% to $0.0143. Volume was 65.87 million against 30-day Average Volume...

Is There Any Reason As To Why The BIGG Digital (BBKCF) Stock Expanded By 30%?

A share of BIGG Digital Assets Inc (OTCQX: BBKCF) rose 30.78 at yesterday's close, to $1.4670. There was an increase in volume of BIGG...

Why Has The Ascot (AOTVF) Stock Price Gained 20%?

The stock of Ascot Resources Ltd (OTCQX: AOTVF) gained significantly as it increased by 20.50% to $0.8858 at last close. The Ascot stock price...

How Does The KinerjaPay (KPAY) Stock Price Increase By 454%?

The payment gateway and eCommerce company KierjaPay Corporation (OTCPink: KPAY) closed Tuesday's trading session at $0.0122, up 454.55%, and has been trading in a...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam