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home / news releases / VBIV - VBI Vaccines down 3% after hours on public offering

VBIV - VBI Vaccines down 3% after hours on public offering

VBI Vaccines Inc.

2023-07-05 17:35:55 ET

  • VBI Vaccines ( NASDAQ: VBIV ) is down ~3% in after-hours trading Wednesday after it announced an underwritten public offering and a registered direct offering of common shares and warrants.
  • Raymond James is the sole book-runner.
  • VBI ( VBIV ) said it intends to use the proceeds for commercialization of PreHevbrio [hepatitis B vaccine (recombinant)] and its manufacture; and pipeline development. Some will also be used for general corporate purposes.
  • Seeking Alpha's Quant Rating views VBI ( VBIV ) as a strong sell.

For further details see:

VBI Vaccines down 3% after hours on public offering
Stock Information
Company Name: VBI Vaccines Inc.
Stock Symbol: VBIV
Market: NASDAQ
Website: vbivaccines.com
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