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Shares of Cocrystal Pharma, Inc. (NASDAQ:COCP) are trading lower during Monday’s pre-market session. The move follows a significant surge during the previous trading day.
Nasdaq futures are up 0.43% while S&P 500 futures have gained 0.15%.
The biotechnology company experienced a 48.04% rally on Thursday. Many traders are now engaging in profit-taking. This selling pressure has pushed the stock down over 9% before the opening bell.
FDA Grants Fast Track Status
The recent volatility stems from news released Thursday. The U.S. Food and Drug …
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