Processa Pares Gains on Equity Offer News

Dow Jones

06/18

By Josh Beckerman

Processa Pharmaceuticals shares surged after the company reported a binding term sheet granting Intact Therapeutics an exclusive option to license a gastroparesis drug candidate but then retreated after Processa announced a $7 million equity offering.

Shares were recently at 30 cents, up 34%, compared with an intraday high of 79 cents.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

June 17, 2025 12:48 ET (16:48 GMT)

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