Provention Bio (PRVB) Announces Quarterly Earnings Results
Provention Bio (NASDAQ:PRVB) posted its quarterly earnings results on Thursday. The company reported ($0.17) earnings per share for the quarter, Morningstar.com reports.
NASDAQ:PRVB traded down $0.02 during trading hours on Friday, hitting $3.16. 21,053 shares of the company’s stock traded hands, compared to its average volume of 51,935. Provention Bio has a twelve month low of $2.52 and a twelve month high of $8.00.
An institutional investor recently bought a new position in Provention Bio stock. Dean Capital Investments Management LLC purchased a new stake in shares of Provention Bio Inc (NASDAQ:PRVB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 40,950 shares of the company’s stock, valued at approximately $164,000. Dean Capital Investments Management LLC owned 0.12% of Provention Bio at the end of the most recent quarter.
Provention Bio, Inc, a clinical stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics and cutting-edge solutions to intercept and prevent immune-mediated diseases. Its products candidates include PRV-031 teplizumab and monoclonal antibodies (mAb) that is in Phase III clinical trial for the interception of type one diabetes (T1D); PRV-6527, oral CSF-1R inhibitor, which is in Phase 2a clinical trial for the treatment of Crohn's disease; PRV-300, anti-TLR3 mAb, which is in Phase 1b clinical trial for the treatment of ulcerative colitis; PRV-3279 for the treatment of lupus; and PRV-101, a multivalent coxsackie virus vaccine for the prevention of acute Coxsackie Virus B Vaccine and the prevention of the onset of T1D.
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