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Clene ( (CLNN) ) has shared an announcement.
On May 6, 2025, Clene Inc. received a notice from Nasdaq indicating that its market value of listed securities had fallen below the required $35 million for 30 consecutive business days, risking delisting if not rectified by November 3, 2025. Meanwhile, Clene is actively pursuing regulatory milestones, including a planned New Drug Application for CNM-Au8 in ALS, supported by recent data showing improved survival rates in ALS patients. The company is also preparing for discussions with the FDA regarding its neurofilament light chain biomarker data and has reported financial results showing a net loss decrease compared to the previous year.
Spark’s Take on CLNN Stock
According to Spark, TipRanks’ AI Analyst, CLNN is a Underperform.
Clene’s stock score of 39 reflects significant financial distress with declining revenues, high net losses, and negative equity, making it high-risk. Technical indicators suggest a bearish trend, further compounding investor concerns. While recent corporate announcements about advancements in neurological treatments provide a slight positive outlook, they are insufficient to offset the company’s broader financial challenges.
To see Spark’s full report on CLNN stock, click here.
More about Clene
Clene Inc., along with its subsidiary Clene Nanomedicine Inc., is a late clinical-stage biopharmaceutical company focused on treating neurodegenerative diseases such as amyotrophic lateral sclerosis (ALS), Parkinson’s disease, and multiple sclerosis (MS). The company is based in Salt Lake City, Utah, with research and development and manufacturing operations in Maryland. Clene’s primary product, CNM-Au8, is an investigational therapy that enhances neuronal health and function by targeting mitochondrial function and the NAD pathway.
Average Trading Volume: 53,307
Technical Sentiment Signal: Sell
Current Market Cap: $25.36M
For a thorough assessment of CLNN stock, go to TipRanks’ Stock Analysis page.
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