StockNews.com Initiates Coverage on Akari Therapeutics (NASDAQ:AKTX)

StockNews.com assumed coverage on shares of Akari Therapeutics (NASDAQ:AKTX) in a research note issued to investors on Saturday morning. The firm issued a sell rating on the biopharmaceutical company’s stock.

Akari Therapeutics Price Performance

NASDAQ AKTX opened at $0.96 on Friday. The company’s fifty day simple moving average is $1.15 and its 200-day simple moving average is $2.08. Akari Therapeutics has a 52 week low of $0.90 and a 52 week high of $4.40.

Akari Therapeutics Company Profile

Akari Therapeutics, Plc, a clinical-stage biopharmaceutical company, focuses on developing advanced therapies for autoimmune and inflammatory diseases. Its lead product candidate is nomacopan, a second-generation complement inhibitor that prevents inflammatory and prothrombotic activities, including paroxysmal nocturnal hemoglobinuria, Guillain-Barré syndrome, hematopoietic stem cell transplant-associated thrombotic microangiopathy, and bullous pemphigoid, as well as pre-clinical program developing long-acting PASylated-nomacopan for treatment of geographic atrophy secondary to dry age-related macular degeneration.