On Monday, Shares of PlasmaTech Biopharmaceuticals, Inc. (NASDAQ:PTBI), skyrocketed 33.51% to $9.80.
PlasmaTech Biopharmaceuticals, declared that it closed the formerly declared equity financing of $10 million of common stock at a price of $8.00 per share, or 1,250,000 shares, and warrants to purchase 625,000 shares of common stock. The warrants have an exercise price of $10.00 per share and are exercisable for 30 months from the closing date. Proceeds from the financing will be used to support continued development of its programs in orphan diseases, potential expansion of its portfolio in other rare disease programs, working capital and general corporate purposes.
H.C. Wainwright & Co. acted as the exclusive placement agent for the transaction.
PlasmaTech Biopharmaceuticals, Inc., a biopharmaceutical company, develops protein biologic therapies and oncology supportive care products. The company’s marketed product comprises MuGard the administration of oral mucositis; and ProctiGard for the treatment of radiation proctitis, a frequent side effect of radiation treatment to the pelvic region.
Finally, United Parcel Service, Inc. (NYSE:UPS), ended its last trade with 0.17% gain, and closed at $100.53.
United Parcel Service, declared the expansion of itstemperature-controlled supply chain capabilities in Europe with the opening of a healthcare-dedicated air freight forwarding facility at Amsterdam Airport Schiphol, Netherlands. The opening demonstrates UPS’s continued investment for growth in specialized market segments, in this case, for logistics needs of health care and life-sciences companies in the region.
The new 600-square-meter, GDP-compliant facility is designed tomeet the highest standards in pharmaceutical freight forwarding, featuring 15:oC -to-25:oC and 2:oC-to-8:oC temperature zones in addition to24/7 monitoring and alarm systems to protect the integrity of temperature-sensitive healthcare shipments. UPS operators follow in-depth training programs and adhere to healthcare-specific protocols to ensure that inbound and outbound products are handled safely and securely during transit.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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