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Stock impact report

Immunovant (IMVT) Is Up 14.0% After Roivant-Backed $550 Million Equity Raise For IMVT-1402 - Has The Bull Case Changed? [Yahoo! Finance]

Roivant Sciences Ltd. (ROIV) 
Company Research Source: Yahoo! Finance
per share, to help fund development and a potential commercial launch of its lead candidate IMVT-1402 for Graves' disease and other autoimmune conditions. A striking element of the deal is controlling shareholder Roivant Sciences committing around US$349.90 million for 16,666,666 shares, reinforcing Immunovant's financing plans as it prepares for multiple pivotal clinical programs. We'll now examine how this large Roivant-backed capital raise, aimed at advancing IMVT-1402, influences Immunovant's broader investment narrative. Find companies with promising cash flow potential yet trading below their fair value To own Immunovant, you really have to believe that IMVT-1402 can become a meaningful autoimmune franchise and that the company can fund the long, loss-making road to that point. The fresh US$550.20 million equity raise, with Roivant putting in roughly US$349.90 million, directly addresses one of the key near term risks: running short of cash before pivotal readouts and a Show less Read more
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