Shuttle Pharmaceuticals (SHPH) stock hits new 52-week low at $1.26 amidst challenging market conditions. Explore the latest developments, including expansion of Phase 2 clinical trial for glioblastoma therapy and patent for histone deacetylase inhibitors. Financially, SHPH regains Nasdaq compliance and announces executive team changes. Get exclusive insights from InvestingPro on SHPH's performance and market position.
InvestingPro Insights
Shuttle Pharmaceuticals (SHPH) stock has plummeted by -70.86% over the past year, aligning with InvestingPro's data on the company's poor performance. With a 1-year price total return of -72.75% and trading at just 24.85% of its 52-week high, SHPH faces significant challenges. Despite holding more cash than debt, the company is not profitable and is burning through cash rapidly, raising investor concerns. For a detailed analysis, refer to InvestingPro's 11 additional tips on SHPH.
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