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EYPT - Shares of EyePoint Pharma soar 27% after pricing $100M equity offering
EyePoint Pharmaceuticals Inc.
Shares of Eyepoint Pharma (EYPT +27.0%) have soared today even as the company late last night priced a $100M public offering of 4M shares. Trading in the company today is much higher than usual. As of 1142a ET, ~7.8M shares had traded hands. Average daily volumne is 413,290. Shares slumped when the offering was initially announced yesterday. Read about recent phase 1 data for EYP-1901 for wet age-related macular degeneration.