iCo Therapeutics (ICO) Shares Down 5.3%

iCo Therapeutics Inc (CVE:ICO)’s share price dropped 5.3% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 250,537 shares traded hands during trading, a decline of 64% from the average daily volume of 692,418 shares. The stock had previously closed at C$0.10.

The company has a market capitalization of $10.65 million and a price-to-earnings ratio of -4.50.

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iCo Therapeutics Company Profile (CVE:ICO)

iCo Therapeutics Inc, a biotechnology company, focuses on the identification, development, and commercialization of drug candidates to treat sight and life threatening diseases. Its in-licensed product candidates include iCo-008, a human monoclonal antibody, which is in Phase II clinical trial to treat sight threatening ocular allergies and various systemic disease indications; and Oral AmpB Delivery System that is in pre-clinical stage used for the treatment of systemic fungal infections.

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