9 Meters Biopharma slips 16% as CEO departs

seekingalpha2023-05-30

9 Meters Biopharma (NASDAQ:NMTR) lost ~16% in the morning hours Tuesday after announcing that the company’s board accepted the immediate resignation of its President and Chief Executive Officer, John ...

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Bethany Sensenig, the company’s Chief Financial Officer, is expected to take over the leadership position on an interim basis in addition to her current responsibilities.  9 Meters (NMTR) also updated on its plans to begin a Phase 3 trial for its lead candidate vurolenatide, in patients with short bowel syndrome (SBS).  Following a review, the company has decided that an additional Phase 2 trial for vurolenatide will maximize its potential. Due to an ongoing review of various strategic alternatives, NMTR intends to update on its initiation depending on funding availability.   More on 9 Meters  9 Meters eyes FDA filing in H2 to start trial of obesity drug NM-136 9 Meters Biopharma gains after mid-stage data for short bowel syndrome drug","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2339861472"}