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Dec. 5, 2016, 8:14 a.m. EST

Cerecor Inc. shares drop 37% after midstage trial failure

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By Emma Court

Cerecor Inc. /zigman2/quotes/201368871/composite CERC +10.43% shares dropped 37% in pre-market trade Monday after the company said its midstage clinical trial for a nicotine withdrawal treatment failed to meet its primary objective. The company is also developing the CERC-501 treatment for Major Depressive Disorder, which it said it will continue to do. The biotech, which was valued at $1.75 at Friday's close, saw shares sink 47.8% year-to-date, compared with a 7.2% rise in the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% .

/zigman2/quotes/201368871/composite
US : U.S.: Nasdaq
$ 3.23
+0.31 +10.43%
Volume: 1.10M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$174.35 million
Rev. per Employee
$286,356
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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