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home / news releases / karuna therapeutics trims losses after 14m insider p

KRTX - Karuna Therapeutics trims losses after $14M insider purchase

Karuna Therapeutics Inc.

  • Clinical-stage biotech Karuna Therapeutics ( NASDAQ: KRTX ) reversed a sharp decline on Friday after a director of the company disclosed an insider purchase of company shares worth more than $14M.
  • According to the regulatory filing, Healy James, a General Partner of Sofinnova Investments has bought 120K Karuna ( KRTX ) shares at $122.80 apiece for a total value of $14.7M.
  • The purchases were made through a series of transaction on Wednesday and Thursday on behalf of Sofinnova Synergy Master Fund LP and Sofinnova Venture Partners X, LP.
  • In terms of current analyst ratings, Karuna ( KRTX ) commands a Strong Buy recommendation on Wall Street.

For further details see:

Karuna Therapeutics trims losses after $14M insider purchase
Stock Information
Company Name: Karuna Therapeutics Inc.
Stock Symbol: KRTX
Market: NYSE
Website: karunatx.com
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