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RR1:AU
Rights Issue and Shortfall
Stemline Therapeutics Announces Proposed Public Offering of Common Stock
Jan. 22, 2018 04:29PM PST
Biotech InvestingStemline Therapeutics (Nasdaq:STML), a clinical-stage biopharmaceutical company developing novel oncology therapeutics, today announced that it intends to offer and sell, subject to market conditions, 3,700,000 shares of its common stock in an underwritten public offering. As quoted in the press release: Stemline intends to use the net proceeds from this offering for (i) clinical, regulatory, …
Stemline Therapeutics (Nasdaq:STML), a clinical-stage biopharmaceutical company developing novel oncology therapeutics, today announced that it intends to offer and sell, subject to market conditions, 3,700,000 shares of its common stock in an underwritten public offering.
As quoted in the press release:
Stemline intends to use the net proceeds from this offering for (i) clinical, regulatory, manufacturing and, if and when approved, potential commercial activities of SL‑401; (ii) clinical development of SL‑801 and SL‑701; (iii) research and development activities; (iv) potential acquisitions and in-licensing; and (v) other general corporate purposes.
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