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Stock impact report

Rockwell Medical Shares Decline 9.4% Following Company Updates [MarketWatch]

DaVita Inc. (DVA) 
Last davita inc. earnings: 2/10 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investors.davita.com/investor-relations
Company Research Source: MarketWatch
The biopharmaceutical company said it closed the second $7.5 million tranche of the DaVita Inc. stock purchasement agreement last Thursday, under which DaVita agreed to purchase up to $15 million in convertible preferred stock in two tranches. Rockwell said this investment as well as a recent $15 million in financing brought the total gross amount raised by the company this quarter to $30 million. Finance Chief Russell Skibsted said in prepared remarks that the capital will extend the company's cash runway as it continues to advance its ferric pyrophosphate citrate development programs and improve its dialysis business. Rockwell said the FDA requested that the company perform a microbial challenge study. The company said this was a necessary step since the commercial presentation of ferric pyrophosphate citrate for treament of iron deficiency anemia and maintenance of hemoglobin in patients receiving infusion therapy in the home setting is still in development, so the planned Pha Show less Read more
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