InVivo Therapeutics falls on share placement

InVivo Therapeutics Holdings

07/10/2022 16:22

** Shares of medical equipment maker InVivo Therapeutics
Holdings Corp  NVIV.O  fall 37.3% to $5
    ** Company enters agreement with healthcare-focused
institutional investor to sell about 523,000 shares  urn:newsml:reuters.com:*:nBw7Gk6mra
    ** NVIV also plans private placement to sell the investor
~1.2 mln shares
    ** Company expects to use proceeds for commercialization of
its investigational neuro-spinal implantation device
    ** Including session declines, company's shares down 53.5%
YTD
 (Reporting by Pratik Jain)
 ((Pratik.Jain@thomsonreuters.com))