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ATNX - Athenex stock slides on proposed securities offering
Athenex Inc.
Athenex ( NASDAQ: ATNX ) shares dropped over 41% during Wednesday's extended trading after the biopharmaceutical company proposed an underwritten public offering of common stocks and warrants.
Terms of the offering are yet to be determined.
The offering will consist of shares of ATNX common stock, or pre-funded warrants to purchase common stock in lieu of common stock to certain investors, and accompanying warrants to purchase shares of common stock.