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Lynne Marie Sullivan, the CFO and Head of Corporate Development at Unity Biotechnology, Inc. (NASDAQ:UBX), recently sold shares of the company. According to a recent filing, Sullivan sold 153 shares on February 4, 2025, at a price of $2.23 per share, totaling $341. This transaction was conducted under a Rule 10b5-1 trading plan to cover tax withholding obligations related to the vesting of Restricted Stock Units. Following this sale, Sullivan holds 55,772 shares of Unity Biotechnology, which includes Restricted Stock Units that vest over time.The company’s stock has shown strong momentum, with a remarkable 65% gain over the past six months. According to InvestingPro analysis, Unity Biotechnology currently trades near its Fair Value, maintaining a healthy liquidity position with a current ratio of 3.45. While the company operates with moderate debt levels, InvestingPro data reveals it’s quickly burning through cash - one of several key insights available to subscribers.
In other recent news, Unity Biotechnology has been making significant strides in the biotech sector. Notably, Chardan Capital Markets initiated coverage of the company’s stock with a Buy rating, highlighting the potential of Unity’s lead senolytic candidate, UBX1325, for treating diabetic macular edema (DME). UBX1325, which aims to selectively eliminate senescent cells contributing to DME, is currently undergoing a Phase 2b ASPIRE trial, with topline data expected in the first quarter of 2025.
Further, Unity Biotechnology announced the appointment of Federico Grossi, M.D., Ph.D., as its new chief medical officer. Dr. Grossi’s extensive background in clinical development and regulatory strategy, particularly in ophthalmology, is expected to advance the company’s strategic initiatives.
Meanwhile, Piper Sandler, a leading investment bank, outlined key biotech catalysts for 2025. Unity Biotechnology was among the companies with key Phase 2b readouts expected in 2025, as highlighted in the report. These developments underscore the ongoing momentum in Unity Biotechnology’s operations.
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