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Stock Alert: Axcella Health Up 27%

(RTTNews) – Shares of Axcella Health Inc. (AXLA) jumped 27% on Friday morning after the company disclosed that Flagship Ventures has bought additional stake in the company.

AXLA is currently trading at $6.66, up $1.41 or 26.80%, on the Nasdaq.

In a regulatory filing, Axcell disclosed that on May 18, Flagship Fund IV, Flagship Fund IV-Rx and Flagship Opportunities I purchased an additional 1,52 million shares, 380 thousand shares and 1.9 million shares, respectively at $4.75 per share. Axcella is a developer of therapies for metabolic disorders based on endogenous metabolic modulators (EMMs). Lead candidate is AXA1125 for the potential treatment of nonalcoholic steatohepatitis (NASH).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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