Shares of Jaguar Animal Health Inc JAGX plunged more than 19 percent on Wednesday after the company announced the pricing of an underwritten public offering of two million shares of its common stock.
Jaguar Animal Health is an animal health company that focuses on developing and commercializing gastrointestinal products for companion and production animals, and high-value horses.
Jaguar Animal Health priced its stock offering at $2.50 per share and all of the common stock is being offered by the company itself.
Shares of Jaguar Health closed at $2.73 on Tuesday and opened for trading at $2.45 on Wednesday, coinciding with its daily-highs.
Jaguar Health's stock has lost more than 65 percent over the past year.
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