Why Brickell Biotech Shares Are Trading Lower Today

Loading...
Loading...

Brickell Biotech BBI shares are trading lower after the company announced a bought deal offering of common stock of $5 million, which was later increased to $7 million.

Brickell Biotech is a clinical-stage pharmaceutical company that focuses on identifying, developing, and commercialising various prescription therapeutics for the treatment of debilitating skin diseases in the United States. The company’s lead product candidate is sofipironium bromide that is in Phase 3 clinical trial to treat patients with primary axillary hyperhidrosis. 

At the time of publication, shares of Brickell Biotech were trading 15.4% lower at $0.62 per share. The stock has a 52-week low of $0.47 and a 52-week high of $1.70. 
 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksOfferingsMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...