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-0.000723501748462586 -0.00132641987218135 -0.00373809236705658 -0.00614976486193181 -0.00444953575304473 -0.0068732666103944 -0.00434101049077535 0.0174846255878452
Stock impact report

Here's Why Urogen Pharma Fell as Much as 12.4% Today [The Motley Fool]

UroGen Pharma Ltd. - Ordinary Shares (URGN) 
Last urogen pharma ltd. - ordinary shares earnings: 3/2 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.urogen.com
Company Research Source: The Motley Fool
Here's Why Urogen Pharma Fell as Much as 12.4% Today The pharma company announced the pricing of a share offering, but the cash will help to launch a promising new drug for cancer patients. Shares of Urogen Pharma ( NASDAQ:URGN ) dropped over 12% today after the urology treatment-focused company announced a public share offering. The clinical-stage company said it will put approximately 4.2 million shares up for grabs at $41 apiece, which could raise as much as $172.5 million in gross proceeds. The company reported a cash balance of $109 million at the end of September 2018, so the offering will add a comfortable cushion to the balance sheet. Urogen Pharma is going to need it, given its maturing pipeline and plans for receiving key regulatory approvals in 2019. As of 12:08pm EST, the stock had settled to a 10.7% loss. In the first nine months of 2018 the company reported an operating loss of $53 million, compared to a loss of just $9.8 million in the year-ago period. The increase was Show less Read more
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