0.0327
price down icon18.25%   -0.0073
 
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Why is Gamida Cell Ltd (GMDA) Stock down?

We've noticed a 18.25% decline in Gamida Cell Ltd (GMDA) stock during the 2024-04-05 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
14 Nov, 2023:

Gamida Cell LTD Stock (GMDA) dropped by 37.67% from $0.59 to $0.37 in the trading on Tuesday November 14, 2023. The reason why GMDA stock down today is due to the missed revenue in third-quarter financial results. GMDA's revenue for the quarter reached only $0.7M, missing average analyst estimates by $1.7M as its lean launch efforts continue into 2024 due to resource constraints. Updating on its ongoing strategic review, Gamida Cell said that despite receiving multiple oral and written proposals, it has yet to identify a suitable partner to support Omisirge launch.

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