1 Reason Why Cara Therapeutics Ended June Down 11.3%
Cara Therapeutics (NASDAQ: CARA), a clinical-stage biotech developing treatments for pain and chronic kidney disease-associated pruritus (itching), gave investors an absolutely wild ride last month. After surging higher following positive clinical updates for its lead drug candidate, CR845, in both post-operative pain and pruritis, the company's shares ultimately gave back all of these gains to end the month down by 11.3%, according to S&P Global Market Intelligence.
The cause of this abrupt about-face was the mixed top-line data readout from the phase 2b trial assessing an oral formulation of CR845 in patients with osteoarthritis of the knee or hip near the end of the month.
Image source: Getty Images.
Source: Fool.com
Cara Therapeutics Inc. Stock
€0.25
-9.980%
Currently there is a rather positive sentiment for Cara Therapeutics Inc. with 11 Buy predictions and 6 Sell predictions.
With a target price of 4 € there is potential for a 1479.78% increase which would mean more than doubling the current price of 0.25 € for Cara Therapeutics Inc..
