Get all your news in one place.
100's of premium titles.
One app.
Start reading
StockNews.com
StockNews.com
Business
Dipanjan Banchur

Insider Buying Sends Annexon Stock Higher. But Does That Make It a Buy?

Annexon, Inc. (ANNX) is a clinical-stage biopharmaceutical company. The company is engaged in developing complements for patients suffering from serious complement-mediated autoimmune, neurodegenerative, and ophthalmic disorders. Its pipeline includes three clinical-stage assets across three therapeutic franchises: Autoimmune, Neurodegeneration, and Ophthalmology.

Earlier this month, ANNX’s Director Muneer A. Satter bought 2.45 million shares worth $9.42 million. In his previous filing to the Securities and Exchange Commission (SEC) dated February 12, 2021, Muneer A. Satter had 1,954,978 or 5.1% shares of the company. As of July 7, 2022, the director has increased his shareholding to 4.40 million shares, or 11.4% of the company’s outstanding shares.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.