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-0.002283105022831 -0.00304414003044134 -0.0106544901065449 -0.0593607305936073 -0.0715372907153729 -0.0471993911719939 -0.0334855403348554 -0.0669710806697109
Stock impact report

Proteostasis's stock rockets on heavy volume after BTD granted [MarketWatch]

PROTEOSTASIS THERAPEUTICS (PTI) 
Last proteostasis therapeutics earnings: 3/10 04:36 pm Check Earnings Report
US:NYSE Investor Relations: ir.proteostasis.com/investor-overview
Company Research Source: MarketWatch
Proteostasis's stock rockets on heavy volume after BTD granted Shares of Proteostasis Therapeutics Inc. PTI, +56.28% rocketed 70% toward an 11-month high in very active morning trade Tuesday, after the biopharmaceutical company said it cystic fibrosis treatment was granted Breakthrough Therapy Designation (BTD) by the Food and Drug Administration. Volume topped 14 million shares, compared with the full-day average over the past 30 days of about 780,000 shares, according to FactSet. The BTD helps expedite the development and review of a drug aimed at treating a serious or life-threatening disease where there is a significant unmet need. "We believe the Breakthrough Therapy Designation for PTI-428 reflects the strength of the recent Phase 2 study results for our amplifier, a novel and proprietary class of CFTR modulators," said Chief Executive Meenu Chhabra. Despite Tuesday's rally, the stock has still shed 45% over the past 12 months, while the iShares Nasdaq Biotechnology ETF IBB, Show less Read more
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