Why Matinas BioPharma's Stock Is Trading Lower Today

Matinas BioPharma MTNB shares are trading lower Monday after the company announced the primary endpoint did not meet statistical significance over Vascepa in its ENHANCE-IT study of LYPDISO.

Matinas BioPharma Holdings Inc is a clinical-stage biopharmaceutical company focused on the discovery and development of product candidates derived from its lipid-crystal nano-particle, or cochleate, delivery technology platform. The firm's pipeline includes MAT2203, MAT2501 and others.

Matinas BioPharma's stock was down 32.29% at 99 cents. The stock has a 52-week high of $22.22 and a 52-week low of 49 cents.

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