Mississauga, ON -- (SBWIRE) -- 05/20/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Lpath Shares Crash as Phase 2 Trial for Eye Disease Misses Endpoints."
Companies mentioned in this article include Lpath, Inc. (NASDAQ:LPTN) and Pfizer (NYSE:PFE).
Biotechnology stocks can be as volatile as anything in the market, especially those that are relatively thinly traded. Positive data – or even expectations of positive data – from a clinical trial can send valuations soaring. The opposite is, of course, equally true. For Lpath, Inc. (NASDAQ:LPTN), a company focused on lipid-targeted therapeutics, the stock price got a double whammy in the last two months, erasing most of the company's value.
Shares of LPTN have been in a slow and steady slide since hitting $10.85 in early 2011, but managed to rise to a five-month high in March at $3.75 ahead of results from a Phase 2a trial of drug candidate ASONEP for treating kidney cancer patients that had failed previous therapy. In a matter of days, the stock lost more than 30 percent of its value from that high as the trial failed to meet its primary endpoint of 25 out of 39 patients remaining progression free two months after treatment, although there were some positives to be taken from the results.
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