When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CPRX - Why Catalyst Pharmaceuticals Stock Is Sinking Today
Catalyst Pharmaceuticals Inc.
After it announced a secondary common stock offering, shares of Catalyst Pharmaceuticals(NASDAQ: CPRX), a commercial-stage biopharma focused on rare diseases, fell as much as 16% in early-morning trading on Thursday. The stock was down about 11% as of 10:38 a.m. EST.
Here are the details of the capital raise that we know so far:
Given the current share price of about $6.60, this offering could raise about $61 million in proceeds before fees are subtracted.