MorphoSys drops after capital increase

Morphosys AG

14/12/2023 06:54

** Shares in MorphoSys  MORG.DE  slump almost 14% in
pre-market trade after the German biotech firm launched a 10%
cash capital increase
    ** Shares were placed at 30 euros, resulting in gross
proceeds of about 102.7 million euros
    ** The stock is at the bottom of the German small-caps index
 .SDAXI 

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))