MoonLake Immunotherapeutics Announces $250M Proposed Underwritten Public Offering
Portfolio Pulse from Benzinga Newsdesk
MoonLake Immunotherapeutics has announced a $250 million proposed underwritten public offering. The company plans to use the proceeds for general corporate purposes and to fund its clinical development programs.
June 26, 2023 | 8:04 pm
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MoonLake Immunotherapeutics (MLTX) announces a $250M proposed underwritten public offering, which may impact its stock price in the short term.
The announcement of a $250 million proposed underwritten public offering by MoonLake Immunotherapeutics may lead to increased investor interest and demand for the company's stock. This could result in a short-term positive impact on the stock price.
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