MEI Pharma secures $75M capital raise; shares up 24% [Seeking Alpha]
MEI Pharma, Inc. (MEIP)
Last mei pharma, inc. earnings: 2/6 04:02 pm
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US:NASDAQ Investor Relations:
investor.meipharma.com
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Source: Seeking Alpha
MEI Pharma secures $75M capital raise; shares up 24%Thinly traded micro cap MEI Pharma (MEIP+24.1%) is up on a 21x surge in volume on the heels of itsannouncement that it has inked an agreement with institutional investors for the direct sale of common stock and warrants totaling $75M.Specifically, the company will issue ~33M Units at $2.273 per Unit, each comprised of one share of common stock and one warrant to purchase 1/2 of a share of common at $2.54.Proceeds will fund the continued development of lymphoma candidate MEI-401 and general corporate purposes. Closing date is May 16.See all stocks on the move »Now read:Corbus: Revisiting This ~$5 Biotech Concern »
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MEIP
News
- MEI Pharma, Inc. (NASDAQ: MEIP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- MEI Pharma, Inc. (NASDAQ: MEIP) had its "hold" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $7.00 price target on the stock.MarketBeat
- MEI Pharma shelves plans for a second return of capital [Seeking Alpha]Seeking Alpha
- MEI Pharma Reports Initial Data from Clinical Study Evaluating ME-344 in Combination with Bevacizumab (Avastin®) in Relapsed Metastatic Colorectal Cancer Patients [Yahoo! Finance]Yahoo! Finance
- MEI Pharma Board of Directors Aligns on Strategy to Advance Voruciclib and ME-344 [Yahoo! Finance]Yahoo! Finance
MEIP
Earnings
- 2/13/24 - Miss
MEIP
Sec Filings
- 2/29/24 - Form EFFECT
- 2/28/24 - Form 424B5
- 2/21/24 - Form 8-K
- MEIP's page on the SEC website