PharmaCyte Biotech Inc (OTCMKTS:PMCBD – Get Free Report)’s stock price was down 2% on Friday. The stock traded as low as $0.3865 and last traded at $0.3974. 214,131 shares changed hands during trading, an increase of 2,325% from the average daily volume of 8,831 shares. The stock had previously closed at $0.4056.
PharmaCyte Biotech Price Performance
The company has a 50-day moving average price of $0.49 and a 200 day moving average price of $0.64.
PharmaCyte Biotech Company Profile
PharmaCyte Biotech, Inc is a development-stage biotechnology company focused on cancer therapies. Its principal research program has centered on pancreatic cancer and the company’s Cell-in-a-Box technology, which uses encapsulated genetically engineered cells designed to convert ifosfamide into cancer-fighting metabolites at or near a tumor.
The company has investigated this approach as a potential treatment for locally advanced, inoperable pancreatic cancer. PharmaCyte Biotech has not been known for marketing an approved commercial product, and its activities have primarily involved preclinical research, clinical development, regulatory work and collaboration with technology providers.
Previously known as Nuvilex, the company adopted the PharmaCyte Biotech name as it shifted its focus toward oncology.
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