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      CohBar Inc (CWBR) Stock Declines, Here’s What You Need To Know - Stocks Telegraph

      By ST Staff

      Published on

      November 15, 2021

      1:49 PM UTC

      CohBar Inc (CWBR) Stock Declines, Here’s What You Need To Know - Stocks Telegraph

      Tthe shares of CohBar Inc (CWBR) was down 35.12% in premarket trading and is down -$0.32 from its previous closing price of $0.90. CWBR stock has lost 34.83 percent in the last year. Over the last year, CWBR has lost -$0.29 per share.

      On November 15, 2021, CohBar Inc will release its financial results for the third quarter of 2021 and provide an update on its business. After the market closes on Monday, November 15, 2021, the firm will reveal its third quarter financial results. On the same day, management will have a conference call to offer an update on the company’s operations at 5:00 p.m. ET (2:00 p.m. PT).

      From 8:00 p.m. Eastern Time on November 15, 2021, through 11:59 p.m. Eastern Time on December 6, 2021, an audio recording of the conference call will be accessible.

      Second Quarter 2021 Results

      CohBar has $13.8 million in cash and investments as of June 30, 2021, compared to $21 million as of December 31, 2020. For the quarter ended June 30, 2021, the cash burn was around $4.6 million. For the three months ended June 30, 2021, research and development costs were $2.6 million, up from $1.5 million in the prior year quarter. The increase in R&D expenses was primarily due to investments in the company’s research programs focused on the continued development of its peptides, as well as an increase in clinical trial costs due to the timing of those expenses, which was partially offset by a decrease in stock-based compensation costs.

      For the three months ending June 30, 2021, general and administrative expenses were $2.6 million, up from $1.4 million the year before. Higher salary and stock-based compensation costs, as well as rising D&O insurance premiums, drove up general and administrative expenses.

      Net loss was $5.2 million, or $0.08 per basic and diluted share, for the three months ended June 30, 2021, which includes $1.0 million in non-cash expenses. Net loss was $4.1 million, or $0.09 per basic and diluted share, for the three months ended June 30, 2020, which includes $1.8 million in non-cash expenses.

      Despite the fact that CohBar, Inc. (CWBR) has lost US$647k in value, insiders who invested last year have realized gains of roughly US$8.6k thus far.

      CohBar, Inc. (CWBR) shareholders who bought the company less than a year ago are unlikely to notice the firm’s recent 25% decrease. After taking into account the recent loss, the shares they purchased for US$119k are now worth US$127k, indicating a good return on their investment.

      Insiders at CohBar have been buying rather than selling shares during the last year. The average purchase price was approximately US$0.63. These transactions demonstrate that insiders are confident enough in the company to put their own money in it, albeit at a significantly lower price than it has been recently.

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