Athersys (ATHX) Stock Declines 19% Amid Biotech Rout
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Athersys, Inc. (Nasdaq: ATHX) declined 19% on Monday. Athersys is a clinical-stage biotechnology company that develops stem cell products for treating immune disorders. Neuralstem, Inc. (NYSE: CUR) and StemCells Inc. (Nasdaq: STEM) also declined.
Broadly, biotech stocks sold off on Monday, with iShares Nasdaq Biotechnology ETF (Nasdaq: IBB) lower by 3.5%. ProShares Ultra Nasdaq Biotechnology (Nasdaq: BIB) saw heavy volume.
Broadly, biotech stocks sold off on Monday, with iShares Nasdaq Biotechnology ETF (Nasdaq: IBB) lower by 3.5%. ProShares Ultra Nasdaq Biotechnology (Nasdaq: BIB) saw heavy volume.
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