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Biotech company $ATXS has released positive clinical data, but concerns arise regarding the impact of dilution on shareholder returns. The company had 18.2m shares outstanding and $140m in cash as of June 30, 2021. Investors question the effect of dilution on stock price despite strong clinical results.
Bought some $ATXS PM and sold it a few moments later with some gains. Better than nothing.
HAE not big movers on data anymore check $PHVS $KALV & now $ATXS
$ATXS shows the impact of dilution on biotech total shareholder returns. As of June 30, 2021, the company had 18.2m shares outstanding and $140m in cash. The company has taken an mAB through P1b/2 since and - as expected - delivered strong clinical results. However, pre data…