ALLK - Allakos announces $250M shelf offering

Allakos (NASDAQ:ALLK) declines 1.5% during after hours on $250M worth shares shelf offering. Company will determine when they sell shares of our common stock, which may be sold on a continuous or delayed basis directly to or through agents, dealers or underwriters. The stock has market cap of ~$207.6M and has dropped about 97% during the past one year.

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Allakos announces $250M shelf offering