Kodiak Sciences Inc. (KOD) Prices 6M Share Common Offering at $46/Sh

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Pre-Open 12/03: (BOLD) (VRAY) (ALDX) Higher (CBL) (CARA) (CLF) Lower (more...)

December 3, 2019 9:16 AM EST

Today's Pre-Open Movers

Audentes Therapeutics, Inc. (NASDAQ: BOLD) 105% HIGHER; Astellas Pharma Inc. and Audentes Therapeutics, Inc. (NASDAQ: BOLD) today announced that they have entered into a definitive agreement for Astellas to acquire Audentes at a price of US$60.00 per share in cash, representing a total equity value of approximately US$3 billion.

CBL Properties (NYSE: CBL) 33% LOWER; announced that it is suspending all future dividends on its common stock, 7.375% Series D Cumulative Redeemable... More

After-Hours Movers 12/02: (BOLD) (VRAY) (ILPT) Higher; (CBL) (AGTC) (KOD) Lower (more...)

December 2, 2019 6:08 PM EST

Today's After-Hours Movers

Audentes Therapeutics, Inc. (NASDAQ: BOLD) 109% HIGHER; Astellas Pharma Inc. and Audentes Therapeutics, Inc. (NASDAQ: BOLD) today announced that they have entered into a definitive agreement for Astellas to acquire Audentes at a price of US$60.00 per share in cash, representing a total equity value of approximately US$3 billion.

CBL Properties (NYSE: CBL) 33% LOWER; announced that it is suspending all future dividends on its common stock, 7.375% Series D Cumulative Redeemable Preferred... More

Kodiak Sciences Inc. (KOD) Announces $250M Proposed Offering of Common Stock

December 2, 2019 5:01 PM EST

Kodiak Sciences Inc. (Nasdaq: KOD), a clinical stage biopharmaceutical company specializing in novel therapeutics to treat chronic, high-prevalence retinal diseases, today announced that it has commenced an underwritten public offering of $250,000,000 of shares of its common stock. In connection with the proposed offering, Kodiak... More

Chardan Capital Positive on Kodiak Sciences' (KOD) $225M Baker Bros. Royalty Deal

December 2, 2019 11:44 AM EST

Chardan Capital Markets analyst Gbola Amusa reiterated a Buy rating and $40.00 price target on Kodiak Sciences Inc. (NASDAQ: KOD) after the company announced the sale of a capped royalty right on global net sales of KSI-301 to Baker Bros. Advisors (BBA) for $225 million. Amusa views the news as positive, citing:

The royalty deal is less dilutive, e.g. if Kodiak views its valuation as... More

Kodiak Sciences Inc. (KOD) Halted on LUDP

December 2, 2019 10:12 AM EST

Kodiak Sciences Inc. (NASDAQ: KOD) Halted on LUDP

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Kodiak Sciences Inc. (KOD) Climbs 130%

December 2, 2019 10:10 AM EST

Kodiak Sciences Inc. (NASDAQ: KOD) Climbs 130%

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Kodiak Sciences Inc. (KOD) Reports Sale of Future Royalties on KSI-301 for $225M to Baker Bros. Advisors

December 2, 2019 6:08 AM EST

Kodiak Sciences Inc. (NASDAQ: KOD) today announced that the Company has entered into a funding agreement to sell a capped royalty right on global net sales of KSI-301 to Baker Bros. Advisors for $225 million. KSI-301 is Kodiak's investigational therapy being developed for the treatment of retinal vascular diseases including age-related macular degeneration and diabetic eye diseases.

Under the terms of the agreement, Baker Bros. Advisors (BBA) purchased a capped 4.5% royalty on net sales of the Company's anti-VEGF antibody biopolymer conjugate therapy known as KSI-301 to be paid upon marketing approval in exchange for $225,000,000... More