Trevena, Inc. (TRVN) Just Recorded A Sigfniciant Increase

May 6, 2018 - By Hazel Jackson

Trevena, Inc. (NASDAQ:TRVN) Logo

The stock of Trevena, Inc. (NASDAQ:TRVN) is a huge mover today! The stock increased 5.66% or $0.12 during the last trading session, reaching $2.24. About 1.67 million shares traded or 106.66% up from the average. Trevena, Inc. (NASDAQ:TRVN) has declined 53.76% since May 6, 2017 and is downtrending. It has underperformed by 65.31% the S&P500.
The move comes after 5 months positive chart setup for the $149.97 million company. It was reported on May, 6 by Barchart.com. We have $2.44 PT which if reached, will make NASDAQ:TRVN worth $13.50M more.

More recent Trevena, Inc. (NASDAQ:TRVN) news were published by: Streetinsider.com which released: “Trevena (TRVN) Reports Licensing Agreement with Jiangsu Nhwa Pharmaceutical Co. Ltd for Oliceridine in China” on May 01, 2018. Also Globenewswire.com published the news titled: “Trevena Reports First Quarter 2018 Financial Results” on May 03, 2018. Seekingalpha.com‘s news article titled: “Trevena up 11% premarket on oliceridine deal in China” with publication date: May 02, 2018 was also an interesting one.

Trevena, Inc., a biopharmaceutical company, develops various therapies based on breakthrough science to benefit patients and healthcare providers confronting serious medical conditions. The company has market cap of $149.97 million. The Company’s product candidates include oliceridine injection, a µ-receptor G protein pathway selective modulator, which is in Phase III clinical trials for the management of moderate-to-severe acute pain where intravenous administration is preferred; TRV250, a G protein biased ligand targeting the d-receptor, which is in preclinical development for the treatment of migraine; and TRV734, a small molecule G protein biased ligand at the mu-receptor that is in Phase I clinical trials for the treatment of moderate to severe acute and chronic pain, as well as TRV027 for the treatment of acute heart failure. It currently has negative earnings.

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