BUZZ-Tenaya Therapeutics slides after launching stock offering

Reuters12-12
BUZZ-Tenaya <a href="https://laohu8.com/S/LENZ">Therapeutics</a> slides after launching stock offering

** Drug developer Tenaya Therapeutics' TNYA.O shares slide 12.5% to $1.19 in extended trading

** TNYA unveils public offering of common stock and warrants; size not disclosed

** Leerink Partners and Piper Sandler are joint bookrunning managers for offering

** Separately, TNYA announces data from early trial for experimental gene therapy in rare heart condition

** TNYA has 166.5 million outstanding shares for $233 million market cap, per LSEG data

** All eight brokerages covering the stock rate it "buy" or higher; median PT $5 - data compiled by LSEG

** As of last close, TNYA stock down 4.9% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment