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Why Kadmon Stock Popped Today

TheMotleyFool

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Why Kadmon Stock Popped TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of Kadmon Holdings (NYSE: KDMN) popped by 11% today after the biotech reported second-quarter earnings. The company also provided updates on its drug pipeline.

Revenue in the second quarter was $448,000, which resulted in an operating loss of $26.9 million. Net loss was $27.7 million, or $0.17 per share. The developmental biotech company said results from a recent drug trial were encouraging.

Image source: Getty Images.

Source Fool.com

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