Shares of Caribou Biosciences Inc. ran up 21.3% toward a three-month high in premarket trading Thursday, after the genome-editing biopharmaceutical company...
Shares of Caribou Biosciences Inc.
ran up 21.3% toward a three-month high in premarket trading Thursday, after the genome-editing biopharmaceutical company said drug giant Pfizer Inc. has made a $25 million equity investment in the company. Pfizer shares slipped 0.1% ahead of the open. Under terms of the investment, Pfizer bought 4.69 million Caribou shares, or about 7.6% of the shares outstanding. Pfizer paid $5.33 for each share purchased, representing a 30.6% premium to Wednesday’s closing price of $4.08.
ran up 21.3% toward a three-month high in premarket trading Thursday, after the genome-editing biopharmaceutical company said drug giant Pfizer Inc. has made a $25 million equity investment in the company. Pfizer shares slipped 0.1% ahead of the open. Under terms of the investment, Pfizer bought 4.69 million Caribou shares, or about 7.6% of the shares outstanding. Pfizer paid $5.33 for each share purchased, representing a 30.6% premium to Wednesday’s closing price of $4.08.
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