Market Globalist

Windtree Therapeutics Inc. (WINT) stock soars during current market trading, given no update

Windtree Therapeutics Inc. (NASDAQ: WINT) stock gained by 42.17% in the current market trading session. Windtree Therapeutics is developing a number of late-stage therapies to treat patients with acute cardiovascular and pulmonary diseases.

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Financial Highlights

On May 13, 2021, WINT released its financial results for the first quarter 2021. Given below is the summary:

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Craig Fraser, President, and CEO of Windtree commented:

With data readouts expected in both Phase 2 studies, WINT sees many possible value-creating catalysts as they look to the balance of the year. Furthermore, they are actively involved in WINT’s growth, and the degree of interest is encouraging. Importantly, their financial sheet now has the runway to assist fund these ongoing and future development operations, due to the successful execution of fundraising this quarter. They’re concentrating on execution and a year filled with significant accomplishments.

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