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PSTX - Poseida Therapeutics stock slides on proposed stock offering
Poseida Therapeutics Inc.
Poseida Therapeutics ( NASDAQ: PSTX ) shares slid ~13% during extended trading on Wednesday after the biopharmaceutical company proposed a public offering of common stock.
Terms of the offering are yet to be determined.
Poseida expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the offering.