Personalis shares are trading higher after the company announced an expanded collaboration with Tempus. Tempus invested $36 million by exercising warrants to purchase 9.2 million shares of common stock at an average price of $2 and an additional 3.5 million shares at a price of $5.07.
Portfolio Pulse from Benzinga Newsdesk
Personalis shares are trading higher following an expanded collaboration with Tempus. Tempus invested $36 million by exercising warrants to purchase 9.2 million shares of common stock at an average price of $2 and an additional 3.5 million shares at a price of $5.07.
August 16, 2024 | 2:58 pm
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Personalis shares are trading higher due to an expanded collaboration with Tempus, which included a $36 million investment by Tempus through the exercise of warrants.
The significant investment by Tempus and the expanded collaboration are positive signals for Personalis, likely boosting investor confidence and driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100