Akari Therapeutics (NASDAQ:AKTX) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Akari Therapeutics (NASDAQ:AKTX) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the biopharmaceutical company’s stock.

Akari Therapeutics Stock Down 2.3 %

NASDAQ AKTX opened at $1.27 on Wednesday. Akari Therapeutics has a 52 week low of $0.90 and a 52 week high of $4.40. The firm’s 50-day simple moving average is $2.20 and its two-hundred day simple moving average is $2.83.

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.