Barclays Downgrades Gossamer Bio: Here's What You Need To Know

Barclays downgraded its rating of Gossamer Bio GOSS to Equal-Weight with a price target of $2.00, changing its price target from $18.00 to $2.00.

Shares of Gossamer Bio are trading down 16.95% over the last 24 hours, at $1.96 per share.

A move to $2.00 would account for a 2.04% increase from the current share price.

About Gossamer Bio

Gossamer Bio Inc is a clinical-stage biopharmaceutical company. It focuses on discovering, acquiring, developing, and commercializing therapeutics in the disease areas of immunology, inflammation, and oncology. The company pipeline products include Seralutinib, which address the cellular overgrowth, fibrosis, and vascular remodeling which underlie PAH (pulmonary arterial hypertension); GB004, for the treatment of inflammatory bowel disease, including ulcerative colitis and Crohn's disease; GB1275, for the treatment of oncology indications; and GB001, for the treatment of moderate-to-severe eosinophilic asthma.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.