Kurssprung nach langer Abwärtstendenz
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Die Biotechaktie ist gerade am hochspringen, nachdem sie vorher nur die Richtung Süden kannte. Kennt jemand die Aktie und weiß, warum die plötzlich ausbricht?
Immune Pharma inks convertible debt deal at $1.75; shares slump 45%
Aug. 24, 2017 9:38 AM ET|About: Immune Pharmaceuticals... (IMNP)|By: Douglas W. House, SA News Editor
•Immune Pharmaceuticals (IMNP -45%) enters into an agreement with institutional investors for the sale of $858K aggregate principal amount of convertible debentures. The conversion price will be $1.75 per common share but could drop as low as $1.00 under certain conditions.
•Net proceeds should be $660K.
•The company has also lowered the conversion price of an earlier (May 4) convertible debt deal to $1.30 from $2.89 in order to secure investors' support for the new transaction.
•Yesterday's close was $2.20.
Story in BioWorld by Michael Fitzhugh.
Preliminary data on three additional patients enrolled in a small open-label study of Immune Pharmaceuticals Inc.s bertilimumab, an experimental treatment for the rare blistering disease bullous pemphigoid (BP), continued to suggest it may offer an effective alternative to systemic corticosteroids, a standard but imperfect therapy for the condition. Immune, which is seeking an FDA orphan designation for the candidate, expects to complete the proof-of-concept study and report final results in early 2018. Company shares (NASDAQ:IMNP) rose 16.7 percent to $1.40 by Wednesdays close.
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