Stock Market News

Opiant Pharmaceuticals Stock Jolted by ‘Fake’ Hikma News

2022.04.29 21:41

Opiant Pharmaceuticals Stock Jolted by 'Fake' Hikma News

By Sam Boughedda

Investing.com — Opiant Pharmaceuticals Inc (NASDAQ:OPNT) stock jumped 29% Friday and swiftly sank after a discredited announcement, which appeared as a fake news release.

The companies named in the release immediately denied it. The “unauthorized” statement said Opiant and Hikma Pharmaceuticals (OTC:HKMPY) were in a $225 million commercialization and license agreement for an opiod overdose treatment.

PR Newswire, which distributed the press release, also released a disregard note, saying that the release was “unauthorized by all parties mentioned and appears to be fraudulent.”

Opiant and Hikma have confirmed they are not involved in any discussions.

“Hikma Pharmaceuticals PLC (Hikma) confirms that it has not entered into any transaction with Opiant Pharmaceuticals, contrary to a PR Newswire announcement issued today,” Hikma said.

Opiant said they were “the subject of a fake news release,” and it had “no knowledge of the press release issued by Cision PR Newswire, and it is fake.”

The denials have resulted in a sharp fall for Opiant stock, which is now up just 4.8% from Thursday’s close.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 99,040.54 5.73%
ethereum
Ethereum (ETH) $ 3,512.46 5.01%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.34 7.43%
bnb
BNB (BNB) $ 697.38 1.99%
solana
Solana (SOL) $ 197.24 6.18%
dogecoin
Dogecoin (DOGE) $ 0.336142 7.69%
usd-coin
USDC (USDC) $ 1.00 0.14%
staked-ether
Lido Staked Ether (STETH) $ 3,503.27 5.17%
cardano
Cardano (ADA) $ 0.941085 6.40%
tron
TRON (TRX) $ 0.257822 2.85%
avalanche-2
Avalanche (AVAX) $ 41.30 11.60%
chainlink
Chainlink (LINK) $ 24.80 9.23%
the-open-network
Toncoin (TON) $ 5.81 5.51%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,155.08 4.61%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 6.64%
sui
Sui (SUI) $ 4.64 7.85%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,941.51 6.02%
stellar
Stellar (XLM) $ 0.409858 15.09%
hedera-hashgraph
Hedera (HBAR) $ 0.318676 18.53%
polkadot
Polkadot (DOT) $ 7.55 7.44%
hyperliquid
Hyperliquid (HYPE) $ 31.08 13.13%
weth
WETH (WETH) $ 3,514.23 5.16%
bitcoin-cash
Bitcoin Cash (BCH) $ 475.87 7.56%
leo-token
LEO Token (LEO) $ 9.48 2.15%
uniswap
Uniswap (UNI) $ 14.57 7.24%
litecoin
Litecoin (LTC) $ 109.79 7.87%
pepe
Pepe (PEPE) $ 0.000019 8.89%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,709.98 5.40%
bitget-token
Bitget Token (BGB) $ 4.92 21.45%
near
NEAR Protocol (NEAR) $ 5.58 8.62%
ethena-usde
Ethena USDe (USDE) $ 0.999941 0.01%
aave
Aave (AAVE) $ 377.54 6.65%
aptos
Aptos (APT) $ 9.78 5.33%
internet-computer
Internet Computer (ICP) $ 11.20 10.29%
usds
USDS (USDS) $ 1.00 0.09%
crypto-com-chain
Cronos (CRO) $ 0.166333 6.03%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.529135 10.86%
vechain
VeChain (VET) $ 0.053046 15.07%
ethereum-classic
Ethereum Classic (ETC) $ 28.25 6.97%
mantle
Mantle (MNT) $ 1.24 5.62%
render-token
Render (RENDER) $ 7.88 10.12%
bittensor
Bittensor (TAO) $ 499.32 9.44%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 9.31%
mantra-dao
MANTRA (OM) $ 3.80 1.70%
whitebit
WhiteBIT Coin (WBT) $ 24.88 2.12%
monero
Monero (XMR) $ 192.66 1.43%
arbitrum
Arbitrum (ARB) $ 0.823357 7.31%
dai
Dai (DAI) $ 1.00 0.12%
filecoin
Filecoin (FIL) $ 5.49 10.89%