The stock of Selecta Biosciences Inc (NASDAQ:SELB) is a huge mover today! The stock decreased 2.53% or $0.37 during the last trading session, hitting $14.25. About 300,940 shares traded hands or 1300.05% up from the average. Selecta Biosciences Inc (NASDAQ:SELB) has risen 6.00% since September 1, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.
The move comes after 8 months negative chart setup for the $252.64M company. It was reported on Oct, 1 by Barchart.com. We have $12.54 PT which if reached, will make NASDAQ:SELB worth $30.32M less.
Analysts await Selecta Biosciences Inc (SELB) to report earnings on November, 8. After $-2.75 actual earnings per share reported by Selecta Biosciences Inc for the previous quarter, Wall Street now forecasts -82.55% EPS growth.
According to Zacks Investment Research, “Selecta Biosciences, Inc. is a biopharmaceutical company which develops targeted immunotherapies and vaccines. Its product pipelineincludes gene therapy, food allergy, malaria; SEL-212, which is a therapeutic enzyme indicated for refractory gout; SEL-070, which is indicated for smoking cessation and relapse prevention; SEL-701, which is indicated for the treatment of human papillomavirus associated cancer and SEL-212 consists of SVP-Rapamycin co-administered with pegsiticase, its pegylated uricase. Selecta Biosciences, Inc. is based in Watertown, United States.”
More notable recent Selecta Biosciences Inc (NASDAQ:SELB) news were published by: Marketwatch.com which released: “Selecta Biosciences started at buy with $23 stock price target at Stifel Nicolaus” on June 23, 2016, also Marketwatch.com with their article: “Selecta Biosciences files for IPO” published on May 24, 2016, Globenewswire.com published: “Selecta Biosciences Appoints Timothy C. Barabe to Board of Directors” on August 01, 2016. More interesting news about Selecta Biosciences Inc (NASDAQ:SELB) were released by: Seekingalpha.com and their article: “Selecta Biosciences IPO: Consider A Modest Allocation” published on June 21, 2016 as well as 247Wallst.com‘s news article titled: “Selecta Biosciences Files for IPO: Targeting Gout” with publication date: May 24, 2016.
SELB Company Profile
Selecta Biosciences, Inc. is a clinical-stage biopharmaceutical company. The Firm uses synthetic vaccine particle (SVP) technology to discover and develop targeted therapies that are designed to modulate the immune system to treat rare and serious diseases. The Firm operates in the research and development of nanoparticle immunomodulatory drugs for the treatment and prevention of human diseases segment. The Company’s SVP technology encapsulates an immunomodulator in biodegradable nanoparticles to induce antigen-specific immune tolerance to mitigate the formation of anti-drug antibodies (ADA) in response to life-sustaining biologic drugs. The Company’s SVP technology has a range of applications to both manage biologic drugs and enable therapies. The Firm offers its product candidates in various programs, including SVP for immune tolerance and SVP for immune stimulation. The Company’s SVP for immune tolerance program includes Refractory and chronic tophaceous gout (SEL-212), Gene therapy for an autosomal recessive metabolic (ARM) disorder and Gene therapy for an X-linked metabolic (XLM) disorder. The Company’s SVP for immune stimulation includes Smoking cessation and relapse prevention (SEL-070), and human papillomavirus (HPV)-associated cancer (SEL-701). The Company’s antigen-specific SVP tolerance programs utilize SVP-Rapamycin, its biodegradable nanoparticle encapsulating the immunomodulator rapamycin. Rapamycin is a molecule approved for the prevention of organ rejection in kidney transplant patients. The Company’s SVP immune stimulation programs are designed to encapsulate an antigen and a toll-like receptor (TLR) agonist.
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