Tempus shares are also trading higher following an expanded collaboration and investment in Personalis. 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
Tempus shares are trading higher following an expanded collaboration and investment in Personalis. 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 | 2:59 pm
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Personalis (PSNL) received a $36 million investment from Tempus, which involved the purchase of 12.7 million shares at varying prices. This expanded collaboration is likely to boost Personalis' stock in the short term.
The significant investment and expanded collaboration with Tempus are positive signals for Personalis, likely leading to a short-term increase in stock price due to improved financial backing and strategic partnership.
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