In a year marked by significant volatility, Creative Medical (TASE:) Technology Holdings Inc. (CELZ) stock has recorded a new 52-week low, dipping to $2.21. With a beta of 4.91 and a strong current ratio of 19.13, the micro-cap company demonstrates high market sensitivity while maintaining robust liquidity. This latest price point reflects a stark contrast to the company’s performance over the past year, with the stock witnessing a substantial decline of 47.01%. Investors have been closely monitoring CELZ, a $4.28 million market cap company, as it navigates through a challenging market environment. According to InvestingPro
In other recent news, Creative Medical Technology Holdings, Inc. has successfully passed a safety review for its ADAPT clinical trial. The trial is evaluating CELZ-201, a novel therapeutic perinatal tissue-derived cell product for treating chronic lower back pain linked to degenerative disc disease. The independent Data Safety Monitoring Board concluded that the trial can proceed without modifications after reviewing safety data from the initial five patients. This represents a significant milestone in the clinical development of CELZ-201.
The ADAPT trial, a double-blind, randomized, placebo-controlled, dose-escalation study, is designed to thoroughly evaluate the safety, tolerability, and effectiveness of CELZ-201. The company’s CEO, Timothy Warbington, expressed confidence in CELZ-201’s potential to address the needs of approximately 16 million U.S. patients with limited long-term solutions for chronic lower back pain. These recent developments indicate Creative Medical Technology Holdings’ ongoing commitment to developing innovative therapies for degenerative diseases, with a focus on targeted cellular treatments.
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2024-12-11 16:18:08
