BUZZ - Pyxis Oncology shares decline after launching equity financing
路透社2026/09/29 20:51September 29 - ** Shares of Pyxis Oncology (PYXS.O) fell 4.5% to $2.77 in after-hours trading as the company seeks equity financing.
** PYXS, based in Boston, Massachusetts (link), has launched an offering of shares and pre-funded warrants, together with accompanying warrants.
** The company plans to use the net proceeds to advance its leading clinical candidate, micvotabart pelidotin (MICVO), an antibody-drug conjugate to treat solid tumors, as well as to supplement working capital and for general corporate purposes.
** Leerink Partners, Guggenheim, and Wells Fargo are acting as joint book-running managers.
** PYXS currently has approximately 83.4 million shares outstanding and a market capitalization of about $242 million.
** The stock closed flat at $2.90 on Tuesday, but is up 152% year-to-date.
** According to data from London Stock Exchange Group (LSEG), out of 10 analysts, 9 rate the stock as a “strong buy” or “buy” and 1 rates it as “hold”; the median target price is $7.
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