FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Xenetic Biosciences Inc Surges Amid $12.5 Million Private Stock Sale”
Xenetic Biosciences Inc (NASDAQ: XBIO) climbed over 29% in premarket trading after the company announced a 12.5 million dollar private placement with a single healthcare-focused institutional investor.
The purchase of 4,629,630 shares of the company’s common stock at a price per share of $2.70 also comes with an agreement to issue to the investor warrants to purchase up to 4,629,630 shares of common stock at an exercise price of $3.30 per share.
Xenetic Biosciences, Inc. is a biopharmaceutical company focused on progressing XCART™, a personalized CAR T platform technology engineered to target patient- and tumor-specific neoantigens. The Company is initially advancing cell-based therapeutics targeting the unique B-cell receptor on the surface of an individual patient’s malignant tumor cells for the treatment of B-cell lymphomas.
For more information, please visit: Xenetic Biosciences Inc.
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