Pharma Mar (PHMMF) Stock Rating Lowered by Zacks Investment Research

Pharma Mar (OTCMKTS:PHMMF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, January 25th.

According to Zacks, “Pharma Mar SA is a biopharmaceutical company. It engaged in the discovery and development of marine-derived anticancer drugs. The company’s product pipeline consists of PM1183, plitidepsin, and PM184 which are in clinical trial stage. It operates primarily in Germany, Italy, France, Switzerland, United Kingdom, Belgium and the United States. Pharma Mar SA is headquartered in Madrid, Spain. “

Pharma Mar (OTCMKTS:PHMMF) traded down $0.01 during trading hours on Thursday, reaching $2.04. The company had a trading volume of 10,546 shares, compared to its average volume of 23,682. Pharma Mar has a 1 year low of $1.84 and a 1 year high of $4.80.

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Pharma Mar Company Profile

Pharma Mar, SA, a biopharmaceutical company, engages in the discovery and development of marine-derived anticancer drugs in Spain and internationally. It develops and commercializes YONDELIS, a novel, multimodal, synthetically produced antitumor agent for the treatment of advanced soft tissue sarcomas as a single-agent, as well as for relapsed ovarian cancer in combination with Doxil/Caelyx.

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