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$CUPR

5 stories mentioning CUPR

Every FINWIRES story that references CUPR, newest first.

Sectors

Sector Update: Healthcare Stocks Softer Late Afternoon

Healthcare stocks declined late Monday afternoon with the NYSE Healthcare Index decreasing 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.7%.The iShares Biotechnology ETF (IBB) rose 0.6%.In corporate news, Centene (CNC) will offer buyouts to most employees to reduce costs after a slump in health-plan membership in the past year, Bloomberg reported. Centene shares fell 3.2%.Neumora Therapeutics (NMRA) shares tumbled 48% after the company halted development of its major depressive disorder treatment navacaprant after two Phase 3 trials failed to meet their primary and key secondary endpoints. Neumora also announced it will reduce its workforce by 35%.Elicio Therapeutics (ELTX) shares plunged 72% after the company said a Phase 2 study assessing the experimental pancreatic cancer therapy ELI-002 7p did not meet the prespecified primary endpoint of disease-free survival.Cuprina (CUPR) shares surged 102% after a subsidiary obtained 510(k) clearance from the US Food and Drug Administration for its Medifly Maggots product that uses Lucilia cuprina larvae in maggot debridement therapy.

$CNC$CUPR$ELTX$NMRA
Wire

Top Midday Gainers

Cuprina (CUPR) said Monday its subsidiary Cuprina Pte Ltd. obtained 510(k) clearance from the US Food and Drug Administration for its Medifly Maggots product that uses Lucilia cuprina larvae in maggot debridement therapy.Shares of the parent company soared 121% as intraday trading volume catapulted to over 44.1 million from a daily average of about 1.6 million.Seagate Technology (STX) and Western Digital (WDC) are expected to benefit from strengthening demand for hard disk drives, Morgan Stanley said in a note Monday.Morgan Stanley adjusted its price target for Western Digital's shares to $650 from $488 while maintaining the stock's overweight rating. The investment bank adjusted Seagate's price objective to $1,035 from $767 while keeping its overweight rating.Shares of Western Digital climbed 15%, with intraday trading volume climbing to over 6.4 million from a daily average of roughly 7.7 million.Shares of Seagate jumped 7% following an increase in intraday trading volume to over 3.4 million from a daily average of about 3.9 million.Micron Technology (MU) has room for its memory-chip upcycle to continue for another five to six quarters, supported by stronger pricing, robust generative AI demand, and limited industry supply growth, RBC Capital Markets said.Shares of Micron advanced 10% as intraday trading volume rose to over 27.6 million from a daily average of about 51.1 million.Price: $8.79, Change: $+4.82, Percent Change: +121.41%

$CUPR$MU$STX$WDC
Sectors

Sector Update: Healthcare Stocks Softer Monday Afternoon

Healthcare stocks declined Monday afternoon with the NYSE Healthcare Index dropping 0.7% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.5%.The iShares Biotechnology ETF (IBB) rose 0.5%.In sector news, the Centers for Medicare & Medicaid Services proposed a rule to establish a permanent regulatory framework for the Medicare Drug Price Negotiation Program beginning with the 2029 price-applicability year, shifting to codified regulations from implementation through annual guidance.In corporate news, Neumora Therapeutics (NMRA) shares tumbled 52% after the company halted development of its major depressive disorder treatment navacaprant after two Phase 3 trials failed to meet their primary and key secondary endpoints. Neumora also announced it will reduce its workforce by 35%.Elicio Therapeutics (ELTX) shares plunged 72% after the company said a Phase 2 study assessing the experimental pancreatic cancer therapy ELI-002 7p did not meet the prespecified primary endpoint of disease-free survival.Cuprina Holdings (CUPR) shares more than doubled after a subsidiary obtained 510(k) clearance from the US Food and Drug Administration for its Medifly Maggots product that uses Lucilia cuprina larvae in maggot debridement therapy.

$CUPR$ELTX$NMRA
Wire

Top Midday Gainers

Space Exploration Technologies (SPCX) became a publicly listed company with its debut on the Nasdaq on Friday.More than 332.3 million shares of the company traded intraday amid 29% gains.Cuprina (CUPR) has regained compliance with the Nasdaq Capital Markets listing requirements, the company said Friday.Shares soared 74% as intraday trading volume catapulted to over 79.2 million from a daily average of about 340,000.Friedman Industries (FRD) shares climbed 29% amid heavy trading after the company reported a surge in fiscal Q4 earnings and revenue late Thursday.Over 250,000 shares traded intraday versus a daily average of roughly 30,000.Price: $173.89, Change: $+38.89, Percent Change: +28.81%

$CUPR$FRD$SPCX
Wire

Cuprina Completes Reverse Split, Seeks Nasdaq Hearing to Avoid Delisting

Cuprina Holdings (CUPR) said it completed a reverse stock split on Wednesday and requested a hearing before a Nasdaq panel in response to a staff determination letter received the same day.The letter notified the company that because it failed to regain compliance with Nasdaq's $1 minimum bid price requirement, its securities will be scheduled for delisting unless it appeals the determination, Cuprina said Friday in a statement.The company filed its hearing request on Thursday.Cuprina said the share consolidation completed Wednesday is expected to bring its bid price back into compliance with the exchange requirement.Price: $2.45, Change: $-0.85, Percent Change: -25.64%

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