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home / news releases / MKGAY - Merck KGaA raises stake in Precigen through convertible notes Shares up 9%

MKGAY - Merck KGaA raises stake in Precigen through convertible notes Shares up 9%

Merck KGaA ADR
Merck KGaA (MKGAY) wholly owned subsidiary, Ares Trading S.A. converts $25M convertible notes in Precigen (PGEN) ahead of the December 2020 maturity date, thereby raising its stake from 11,6% to 14.8%. Precigen and Merck KGaA started back in 2015, whereby both the companies signed an agreement  to develop and commercialize CAR-T cancer therapies utilizing Precigen's proprietary sleeping beauty non-viral gene integration technology.Shares are up 9% premarket.

For further details see:

Merck KGaA raises stake in Precigen through convertible notes, Shares up 9%
Stock Information
Company Name: Merck KGaA ADR
Stock Symbol: MKGAY
Market: OTC
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