Longeveron Inc. (NASDAQ:LGVN) shares are trading higher Monday following insider buys from multiple company executives. Here's a look at what's going on.
What To Know:
Multiple company executives disclosed large stock purchases after the close on Friday. Joshua Hare, Chief Scientific Officer, purchased 297,872 shares. Rock Soffer, director, purchased 276,596 shares and CEO Mohamed Wa’el Ahmed Hashad purchased 21,276 shares.
Longeveron announced the closing of its public offering last week with proceeds of approximately $5.2 million. The company intends to use the net proceeds from the offering for its ongoing clinical and regulatory development of Lomecel-B for the treatment of several disease states ...