Pluristem Wants Bloomberg Retraction, Array Sets Secondary: Healthcare Biz Wrap
Agenus (NASDAQ:AGEN) reports that efficacy is shown with GlaxoSmithKline’s (NYSE:GSK) Phase 3 malaria vaccine candidate, which contains AGEN’s Qs-21 Stimulon adjuvant. Infants in the trial who received the vaccine suffered one-third fewer episodes of both clinical and severe malaria.
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Shares of Pluristem Therapeutics (NASDAQ:PSTI) popped following its response to a Bloomberg article which reported that the second of three patients given the company’s experimental stem cells died, subsequent to the firm touting the treatments as “life-saving.” Now, Pluristem wants Bloomberg to publish a correction, as it says the article is “factually inaccurate and misleading.”
Drug developer Array BioPharma (NASDAQ:ARRY) shares moved down sharply after the firm priced an 18 million share secondary offering at $3.65, which marks a 10 percent discount to Thursday’s close. The firm had 95.4 million shares outstanding as of October, which would make the divestiture almost a 19 percent dilution to its float.