aTyr Pharma Inc (NASDAQ: LIFE) is having an overwhelmingly strong start to the trading session this morning after the company announced the coming presentation of data. Of course, the news excited investors, sending the stock on a run for the top. Today, we’ll talk about:
- The news;
- what we’re seeing from LIFE; and
- what we’ll be watching for ahead.
LIFE To Present At The ATS International Conference
As mentioned above, aTyr Pharma is having an incredibly strong start to the trading session this morning after the company announced that it will be providing a presentation relatively soon. In a press release issued early this morning, the company announced that it will be providing a poster presentation at the American Thoracic Society (ATS) International Conference. The conference will be held from May 18th through the 23rd in San Diego. In a statement, David King, Ph.D., Chief Scientific Officer at LIFE, had the following to offer:
We are excited to present a thorough summary of our preclinical work from our ATYR1923 program, specifically as it relates to potential activity in interstitial lung diseases at the ATS International Conference in San Diego next week,” commented David King, Ph.D., Chief Scientific Officer of aTyr. “In addition, we recently completed enrollment in our ongoing Phase 1 healthy volunteer study with ATYR1923, dosing 36 subjects across six cohorts at dose levels up to 5 mg/kg. We expect to announce top-line results including pharmacokinetic and safety data from this study next month.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn is that the news moves the market. In this particular case, the news proved to be overwhelmingly positive. After all, a presentation of data that has been accepted at a prestigious conference means that data is very good. Not to mention, at these conferences, companies like aTyr Pharma have the opportunity to meet with higher-end investors. So, it’s no surprise that excited investors are sending the stock screaming for the top. At the moment (9:39), LIFE is trading at $0.94 per share after a gain of $0.09 per share (10.59%) thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on LIFE. In particular, we’re interested in following the presentation that’s coming down the line relatively soon. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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