Site icon Market Globalist

What Explains The Nearly 5% Increase In Akouos (AKUS) Stock?

DBGI Stock

DBGI Stock

Akouos Inc. (NASDAQ: AKUS) shares gained 4.7% to $16.71 at the extended trading on Wednesday. In regular session, Akouos stock gained 13.76% and closed at $15.96. The AKUS stock price range was from $14.05 to $16.50. In the last 5 days, AKUS stock has added 13.92%, whereas it added 2.37% over a month.  In response to news of the upcoming presentation, AKUS stock gained.

The presentations:

Akouos is a precision genetic medicine company dedicated to developing gene therapies for individuals living with hearing loss and who suffer low-level impairment on a daily basis. AKUS is focusing on developing precision therapies for sensory hearing loss, leveraging its precision genetic medicine platform that incorporates a proprietary new vector library and delivery method.

Discover Tomorrow's Stocks Today!

When it comes to discovering hidden gems within the stock market, Stock Wire News has consistently provided invaluable insights. Stock Wire News invites you to explore their upcoming Wealth Building Report. This report will shine a spotlight on little-known companies with the potential for substantial growth in 2024, and it's completely FREE for a limited time.

Claim the free report now by clicking here and start discovering the hidden gems of the market
Sponsored

Read More

At Akouos’ press conference on Tuesday, the company announced that new non-clinical data will be presented at the 24th Annual Meeting of the American Society of Gene Therapy, which will take place virtually from May 11 to 14.

The three digital presentations will bring out the nonclinical data supporting AK-OTOF, an experimental gene therapy addressing OTOF-mediated hearing loss; and AK-anti VEGF, a gene therapy which addresses vestibular schwannoma.

The following digital presentations will be held from 8:00 am to 10:00 am each May 11, 2021:

  1. In Vitro and In Vivo Analyses of Dual Vector Otoferlin Expression to Support the Clinical Development of AK-OTOF (AAVAnc80-hOTOF Vector)
  2. Durable Recovery of Auditory Function Following Intracochlear Delivery of AK-OTOF (AAVAnc80-hOTOF Vector) in a Translationally Relevant Mouse Model of Otoferlin Gene (OTOF)-Mediated Hearing Loss
  • Demonstration of Tolerability of a Novel Delivery Approach and Secreted Protein Expression Following Intracochlear Delivery of AK-anti VEGF (AAVAnc80-anti VEGF Vector) in Non-Human Primates

AKUS’ further plans:

A recent decision by the FDA granted Akouos (AKUS)’s AK-OTOF both Orphan Drug Designation (ODD) and Rare Pediatric Disease Designation (RPDD) labels. In the first half of 2022, AKUS anticipates submitting an investigational new drug (IND) application for AK-OTOF.