BUZZ-Annovis Bio falls on planned $50 mln share sale

Reuters
2024-12-11
BUZZ-Annovis Bio falls on planned $50 mln share sale

** Drug developer Annovis Bio's ANVS.N shares fall 4.6% to $5.40 premarket

** ANVS files for up to $50 mln "at-the-market" stock sale agreement to be handled by Oppenheimer

** Co plans to use the proceeds for general corporate purposes, including the development of its lead experimental drug buntanetap

** ANVS set to host its year-end investor webcast late Wednesday

** ANVS has 13.8 mln outstanding shares and $78 mln market capitalization - LSEG data

** As of last close, ANVS shares down 69.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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