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CYT - RA Capital discloses 9.4% stake in Cyteir Therapeutics; share rise 5%
Cyteir Therapeutics Inc.
RA Capital has taken a 9.4% stake in Cyteir Therapeutics (CYT).The purchase of 3,247,117 shares was made on June 22.Cyteir just began trading on June 18.Cyteir is focused on therapies for solid tumors and blood cancers.Seeking Alpha contributor Donovan Jones has a bullish rating on the stock.Shares are up 5.7% to $20.84 in premarket trading.