Tempus shares are also trading higher following last week's 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 after expanding collaboration and investing $36 million in Personalis by purchasing shares.
August 19, 2024 | 6:31 pm
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POSITIVE IMPACT
Tempus shares are trading higher due to a $36 million investment in Personalis, acquiring 12.7 million shares.
The investment in Personalis is a significant financial move, indicating confidence in Personalis' potential. This has positively impacted Tempus' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80