Biomea Fusion Shares Fall After Terminating Proposed Public Offering

MT Newswires Live

09/24

Biomea Fusion (BMEA) shares were down over 19% in Wednesday trading after the company said it terminated its proposed public offering of securities announced Tuesday.

The termination follows management's evaluation that current market conditions are not conducive to offering terms that would be in the best interests of its stockholders, the company said.

No securities were sold in connection with the proposed offering.

Price: 1.38, Change: -0.33, Percent Change: -19.12

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