- Dec 22, 2020: Proteostasis will be renamed Yumanity Therapeutics, Inc. and Yumanity's common stock will commence trading on the Nasdaq Capital Market on a post-reverse stock split basis under the new symbol "YMTX" on, December 23, 2020.
- Dec 19, 2022: Kineta, Inc. completes reverse merger with Yumanity Therapeutics; commences trading on The Nasdaq Capital Market under the ticker symbol “KA” on December 19, 2022. Immediately prior to the merger, Yumanity effected a reverse stock split of its common stock at a ratio of one share for every seven shares.
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Shares of Proteostasis Therapeutics fell on Tuesday after the biopharmaceutical company shared mixed findings from a mid-stage study for its experimental triple combination cystic fibrosis therapy. Proteostasis still plans to launch a Phase 3 trial next year. It is also conducting a personalized medicine study for patients with cystic fibrosis. The company held a call with investors on Tuesday morning to discuss the findings. Shares of Proteostasis have gained 34% year-to-date, while the S&P 500 (SPX) is up 27%.
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