Kodiak (KOD) falls 8.95% on Moderate Volume January 5

Equities Staff  |

Today, Kodiak Sciences Inc Inc’s (NASDAQ: KOD) stock fell $7.66, accounting for a 8.95% decrease. Kodiak opened at $85.76 before trading between $88.16 and $77.89 throughout Wednesday’s session. The activity saw Kodiak’s market cap fall to $4,028,776,579 on 254,608 shares -below their 30-day average of 260,169.

About Kodiak Sciences Inc

Kodiak Sciences Inc. is a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases. Founded in 2009, Kodiak is focused on bringing new science to the design and manufacture of next generation retinal medicines to prevent and treat the leading causes of blindness globally. Its ABC Platform™ uses molecular engineering to merge the fields of antibody-based and chemistry-based therapies and is at the core of Kodiak's discovery engine. Kodiak's lead product candidate, KSI-301, is a novel anti-VEGF antibody biopolymer conjugate being developed for the treatment of retinal vascular diseases including age-related macular degeneration, the leading cause of blindness in elderly patients in the developed world, and diabetic eye diseases, the leading cause of blindness in working-age patients in the developed world. Kodiak has leveraged its ABC Platform to build a pipeline of product candidates in various stages of development including KSI-501, its bispecific anti-IL-6/VEGF biopolymer conjugate for the treatment of neovascular retinal diseases with an inflammatory component, and the company is expanding its early research pipeline to include ABC Platform based triplet inhibitors for multifactorial retinal diseases such as dry AMD and glaucoma. Kodiak is based in Palo Alto, CA.

Visit Kodiak Sciences Inc's profile for more information.

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To get more information on Kodiak Sciences Inc and to follow the company's latest updates, you can visit the company's profile page here: Kodiak Sciences Inc's Profile. For more news on the financial markets be sure to visit Equities News. Also, don't forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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