Baker BROS. Advisors LP Invests $944,000 in Mast Therapeutics Inc (MSTX)

Baker BROS. Advisors LP Invests $944,000 in Mast Therapeutics Inc (MSTX)

Baker BROS. Advisors LP purchased a new position in shares of Mast Therapeutics Inc (NASDAQ:MSTX) during the third quarter, Holdings Channel reports. The firm purchased 8,584,051 shares of the company’s stock, valued at approximately $944,000. Baker BROS. Advisors LP owned 4.05% of Mast Therapeutics as of its most recent SEC filing.

Separately, BlackRock Institutional Trust Company N.A. raised its position in Mast Therapeutics by 618.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,719,932 shares of the company’s stock worth $189,000 after buying an additional 1,480,698 shares during the period.

Shares of Mast Therapeutics Inc (NASDAQ:MSTX) traded up 0.000% during trading on Tuesday, hitting $0.132. 5,579,840 shares of the company’s stock were exchanged. Mast Therapeutics Inc has a 1-year low of $0.07 and a 1-year high of $0.71. The stock’s market cap is $31.45 million. The stock’s 50-day moving average price is $0.12 and its 200-day moving average price is $0.22.

A number of equities analysts have weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating on shares of Mast Therapeutics in a research note on Thursday, January 19th. Zacks Investment Research downgraded shares of Mast Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, January 4th.

Mast Therapeutics Company Profile

Mast Therapeutics, Inc is a biopharmaceutical company. The Company develops clinical-stage therapies for serious or life-threatening diseases with unmet needs. The Company focuses on developing new therapies for sickle cell disease, a chronic and genetic disorder classified as a rare, or orphan, disease in the United States of America and European Union, and for heart failure, a condition with an unmet need for treatment options.

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