Here's Why Mirati Therapeutics, Inc. Is Rising Today [The Motley Fool]
Mirati Therapeutics, Inc. (MRTX)
Last mirati therapeutics, inc. earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
ir.mirati.com/node/5806
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Source: The Motley Fool
Wall Street cheers after the company announced favorable terms from a just-announced capital raise. Here's what investors need to know. Brian Feroldi ( TMFTypeoh ) Jun 7, 2018 at 11:26AM What happened In response to the company sharing the pricing details of a recently announced secondary common stock offering, shares of Mirati Therapeutics ( NASDAQ:MRTX ) , a red-hot clinical-stage biotech focused on cancer, jumped 10% as of 10:30 a.m. EDT on Thursday. So what Mirati announced on Wednesday afternoon that it intended to raise capital from a common stock offering. Here are the pricing details from the deal: Mirati is selling 2.75 million shares of stock for $38.85 per share. Shares closed Wednesday's trading session at the exact same price. This means that the company didn't have to offer a discount at all in order to attract enough dema
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