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Stock impact report

Athersys Stock Tumbles as Much as 27.7% on a Public Offering [The Motley Fool]

Athersys, Inc. (ATHX) 
Last athersys, inc. earnings: 11/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: athersys.com/press-releases
Company Research Source: The Motley Fool
Maxx Chatsko(TMFBlackn)Author BioMaxx has been a contributor to Fool.com since 0. He graduated from the State University of New York College of Environmental Science and Forestry (0) with a Bachelor of Science in Bioprocess Engineering and from Carnegie Mellon University (06) with a Master of Science in Materials Science & Engineering.What happenedShares ofAthersysNASDAQ:ATHXManagement is wisely taking advantage of a soaring stock price, which had more than tripled from the beginning of the year through the end of March. That allowed Athersys to raise money and limit dilution, although the offering could increase the outstanding share count by roughly 7%.As of :7 a.m. EDT on Thursday, thesmall-cap stockImage source: Getty Images.So whatAthersys has been developing stem cell therapies for over a decade. While it hasn't successfully commercialized any of its drug candidates, the company has pounced on the needs created by the coronavirus pandemic.One of the company's clinical trials is Show less Read more
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