BUZZ-Cidara Therapeutics jumps on $105 mln capital raise

Reuters11-21

** Drugmaker Cidara Therapeutics' shares rise 20.9% to $18.28

** CDTX raises $105 mln in private placement, co says

** Co says Venrock Healthcare Capital Partners and other life sciences-focused investors will purchase ~3.9 mln shares of CDTX at $14.912 per share

** Co also says certain investors will buy pre-funded warrants that would allow them to buy ~3.1 mln shares of CDTX at $14.9119 per share

** CDTX says it intends to use the funds for research and development, working capital and general corporate purposes

** All 5 brokerages rate the stock "buy" or higher; their median PT is $29 - LSEG

** Including session's gains, stock has risen 13.5% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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