Nurix Therapeutics Commences Public Offering Of $125M Of Its Common Stock And, In Lieu Of Common Stock, In Case Of Certain Investors, Pre-funded Warrants To Purchase Shares
Portfolio Pulse from Benzinga Newsdesk
Nurix Therapeutics has announced a public offering of $125M of its common stock and pre-funded warrants for certain investors. The proceeds are intended for clinical development, R&D to expand its pipeline, and general corporate purposes.
April 11, 2024 | 8:01 pm
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Nurix Therapeutics announces a $125M public offering to fund clinical development, R&D, and general corporate activities.
The announcement of a public offering can have a mixed short-term impact on a company's stock price. However, the intended use of proceeds for clinical development and R&D is generally viewed positively by investors as it signifies growth and expansion efforts. This could lead to increased investor confidence in the company's future prospects.
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IMPORTANCE 90
RELEVANCE 100