Zacks Investment Research Downgrades Pharma Mar (OTCMKTS:PHMMF) to Hold

Zacks Investment Research downgraded shares of Pharma Mar (OTCMKTS:PHMMF) from a buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “Pharma Mar SA is a biopharmaceutical company. It engaged in the discovery and development of marine-derived anticancer drugs. The company’s product pipeline consists of PM1183, plitidepsin, and PM184 which are in clinical trial stage. It operates primarily in Germany, Italy, France, Switzerland, United Kingdom, Belgium and the United States. Pharma Mar SA is headquartered in Madrid, Spain. “

Separately, ValuEngine cut Pharma Mar from a hold rating to a sell rating in a report on Wednesday, October 2nd.

OTCMKTS PHMMF opened at $2.02 on Tuesday. Pharma Mar has a 1 year low of $1.04 and a 1 year high of $2.70. The business’s fifty day moving average is $2.09 and its two-hundred day moving average is $2.15.

About Pharma Mar

Pharma Mar, SA, a biopharmaceutical company, engages in the discovery and development of marine-derived anticancer drugs in Spain and internationally. The company operates through two segments, Biopharmaceuticals and Consumer Chemicals. It develops and commercializes Yondelis, an antitumor agent for the treatment of advanced soft tissue sarcomas and for relapsed ovarian cancer.

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