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home / articles / STRO - What's Going On With Sutro Biopharma (STRO) Stock? | Benzinga

STRO - What's Going On With Sutro Biopharma (STRO) Stock? | Benzinga

Sutro Biopharma Inc.

Sutro Biopharma Inc (NASDAQ:STRO) shares are trading lower by 2.8% to $5.18 during Tuesday’s session after the company announced the pricing of an underwritten offering of 14,478,764 shares of its common stock at $5.18 per share, aiming to raise approximately $75 million. The offering, expected to close around April 4, involves all shares being offered by Sutro and is led by both new and existing healthcare-focused institutional investors.

The company plans to utilize the net proceeds, combined with its existing resources, for various purposes including research, clinical and ...

STRO) Stock?>Full story available on Benzinga.com
Stock Information
Company Name: Sutro Biopharma Inc.
Stock Symbol: STRO
Market: NASDAQ
Website: sutrobio.com
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