Nuvectis Pharma (NVCT) Prices 1.92M Share Offering at $8.25/sh

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Nuvectis Pharma, Inc. Announces Approximately $15.9 Million Private Placement

July 27, 2022 8:00 AM EDT

Fort Lee, NJ, July 27, 2022 (GLOBE NEWSWIRE) -- Nuvectis Pharma, Inc (Nasdaq: NVCT) (Nuvectis or the Company), a biopharmaceutical company focused on the development of precision medicines for serious conditions of unmet medical need in oncology, announced today that it has entered into definitive agreements with healthcare-focused institutional and accredited investors for the issuance and sale of 1,924,689 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $8.25 per share and preferred investment option. The investors also purchased preferred investment options to purchase up to an aggregate of 1,924,689 shares of common... More