G1 Therapeutics tumbles on stock offering launch

G1 Therapeutics

17/11/2022 21:26

** G1 Therapeutics Inc's  GTHX.O  shares tumble 16%
post-market as co looks to raise equity
    ** Co commences stock offering; deal size not disclosed
    ** Cowen and Raymond James jt bookrunners
    ** GTHX on Thurs closed up 2.3% at $8.55 for ~$370 mln
market cap, per Refinitiv
    ** On Nov 2, shares plunged 25% to $8.21 after co reported
below-consensus sales for its small-cell lung cancer drug
    ** Shares have fallen ~50% from 52-week high hit in Sept
 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))