Imago BioSciences Inc. (NASDAQ:IMGO) traded at a new 52-week high today of $20.06. Approximately 121,000 shares have changed hands today, as compared to an average 30-day volume of 131,000 shares.
Imago BioSciences Inc. (NASDAQ:IMGO) defies analysts with a current price ($18.81) 11.6% above its average consensus price target of $16.62.
In the past 52 weeks, shares of Imago BioSciences Inc. have traded between a low of $14.99 and a high of $20.06 and is now at $18.81, which is 25% above that low price.
Imago BioSciences Inc is a clinical-stage biopharmaceutical company discovering and developing novel small molecule product candidates that target lysine-specific demethylase 1 (LSD1), an enzyme that plays a central role in the production of blood cells in the bone marrow. It is focused on improving the quality and length of life for patients with cancer and bone marrow diseases. Bomedemstat, an orally available, small molecule inhibitor of LSD1, is the product candidate discovered by Imago for the treatment of certain myeloproliferative neoplasms (MPNs), a family of related, chronic cancers of the bone marrow. Imago is evaluating Bomedemstat as a potentially disease-modifying therapy in two Phase 2 clinical trials for the treatment of essential thrombocythemia (ET) and myelofibrosis (MF).
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