Markets

Stock Alert: Capricor Therapeutics Up 6%

(RTTNews) - Shares of Capricor Therapeutics, Inc. (CAPR) are rising over 6% on Wednesday morning on news that it will announce final results from a mid stage trial of its duchenne muscular dystrophy treatment on October 1.

CAPR is currently trading at $5.63, up $0.32 or 6.03%, on the Nasdaq.

The clinical-stage biotechnology company announced that it will present novel data from its phase II HOPE-2 clinical trial with its lead investigational product, CAP-1002, in boys and young men with duchenne muscular dystrophy (DMD) at at the International World Muscle Society Virtual Congress 2020.

DMD is a genetic disorder characterized by progressive weakness and chronic inflammation of the skeletal, heart, and respiratory muscles. Boys and young men typically lose their ability to walk in their teens and generally die of cardiac or respiratory complications in their 30s.

The International Virtual Congress of the World Muscle Society will take place from September 28 through October 2, 2020.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CAPR

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More