Dallas, Texas 11/18/2013 (Financialstrend) – In Friday’s trading session, Synta Pharmaceuticals Corp (NASDAQ:SNTA) rose by 6.55 %. The shares opened at a price of $4.02, which touched the intraday high of $4.23 which was the closing price of the day. Around 2.04 million exchanged hands over the trading day and an average volume of 1.73 million shares were traded over a 30 day period. The 52-week low of Synta Pharmaceuticals Corp (NASDAQ:SNTA) shares is $3.70 and its 52-week high is $11.88. The company has a market capitalization of $292.12 million.
About the company
Synta Pharmaceuticals Corp (NASDAQ:SNTA) was formed on March 2000. It is a bio-pharmaceutical company. It concentrates on the discovery, development & commercializing small-molecule drugs for the treatment of severe medical conditions of patients suffering from inflammatory diseases and cancer. As of 31 December, 2011, the company had 2 different drug-candidates in clinical-trials for the treatment of multiple kinds of cancer & numerous drug candidates in preclinical-stages of development. Synta Pharmaceuticals Corp (NASDAQ:SNTA)’s drug candidates are discovered & developed internally.
The company used the chemical-compound library & integrated-discovery engine. In the year that ended on 31st December 2011, Synta Pharmaceuticals Corp (NASDAQ:SNTA) initiated a Phase-2b/3 clinical-trial named GALAXY. This trail was for ganetespib as a mix with docetaxel in some non-small cell lung cancer (NSCLC). In the year 2011, apart from focusing on its ganetespib program, Synta Pharmaceuticals Corp (NASDAQ:SNTA) also focused on the elesclomol & calcium-release activated calcium-modulator programs.
Synta Pharmaceuticals Corp (NASDAQ:SNTA) had 2 clinical-stage programs and 1preclinical-stage program in the field of oncology, as of 31st December 2011. The company’s oncology programs are ganetespib/ Hsp90 Inhibitor; elesclomolwhich is the Mitochondria-Targeting Agent & STA-9584. Ganetespib is the company’s synthetic, small-molecule-inhibitor of Hsp90. This is a chaperone-protein that is necessary to the function of some other proteins, like tyrosine kinases that drives the growth, proliferation & survival of different types of cancer.
Game Changer in The Cannabis Sectorhttp://www.financialstrend.com
Game Changer in The Cannabis Sector
Enter The $100 Billion Cannabis Markethttp://www.financialstrend.com
Enter The $100 Billion Cannabis Market
Ex Broker Makes Millions On Wall Streethttp://track.flexlinkspro.com
Here is his secret to making winning trades daily. Get an edge over Wall Street.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of financialstrend.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.financialstrend.com/disclaimer