OPKO Health Inc. (OPK) in Miami, Fla., is a global biopharmaceutical and diagnostics company that aims to achieve industry-leading positions in large, rapidly expanding industries by maximizing its experience in discovery, development, and commercialization, and its unique and patented technology. In May, the company acquired ModeX Therapeutics, Inc., and by doing so obtained exclusive immunotherapy technologies. Also, during the reported quarter, Pfizer Inc. (PFE) released OPKO Health's NGENLA injectable in Germany, Japan, Canada, and Australia, and is on track to make it accessible in the United States.
However, the company's shares are down 23.6% in price over the past year and 42.6% year-to-date to close yesterday's trading session at $2.76.
