Deals
CTI BioPharma Corporation Raises $50M at 26% Discount
|
CTI BioPharma Corporation (NASDAQ CM:CTIC) announced that it has raised $50,000,000 in a Convertible Preferred Stock transaction.
Growth Capitalist (https://growthcapitalist.com/tag/biotech/page/24/)
CTI BioPharma Corporation (NASDAQ CM:CTIC) announced that it has raised $50,000,000 in a Convertible Preferred Stock transaction.
Vascular Biogenics Limited (NASDAQ GM:VBLT) announced that it has raised $15,000,000 in a Registered Direct transaction.
Peregrine Pharmaceuticals (NASDAQ CM:PPHM) announced that it has raised $20,000,000 in a Registered Direct transaction.
The equity financing market for emerging growth companies grew 11% in deal volume and 18% in total dollars last quarter, driven by investors’ enthusiasm for biotech companies.
But biotech deal flow has slowed in recent weeks as the market correction led investors to avoid risky stocks, raising concerns going forward.