Why Are 9 Meters Biopharma Shares Nosediving Today?

Published on 18 Jul 2023 on Benzinga via Yahoo Finance

Why Are 9 Meters Biopharma Shares Nosediving Today?

9 Meters Biopharma Inc (NASDAQ: NMTR) shares plummeted after the company filed for Chapter 11 bankruptcy protection, according to a regulatory filing on Tuesday.

The company said that after considering all strategic alternatives, 9 Meters Biopharma, together with its subsidiaries, ceased operations and filed a voluntary petition for relief under provisions of Chapter 7 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Eastern District of North Carolina Case No. 23-01992-5-PWM (the "Bankruptcy Filing").

Read the rest of the article

Want to become a better investor?

Start tracking your investments with Statfolio

News

Why Are 9 Meters Biopharma Shares Nosediving Today?

Want to become a better investor?

Nasdaq Gains Over 100 Points; Lockheed Martin Profit Tops Expectations By Benzinga

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.06% By Investing.com

Why Are 9 Meters Biopharma Shares Nosediving Today?

8 Best Penny Stocks To Buy Under $1.00

Why Akouos Shares Are Trading Sharply Higher? Here Are 36 Stocks Moving In Tuesday's Mid-Day Session...

9 Meters (NMTR) Up on Results From Bowel Syndrome Candidate

Why MindMed Is Trading Lower By Around 35%; Here Are 31 Stocks Moving Premarket By Benzinga

NMTR stock gains after mid-stage data for short bowel syndrome drug (NASDAQ:NMTR)

9 Meters Biopharma Shares Move Higher After Successful Short Bowel Syndrome Study

10 Best Penny Stocks to Buy in September