Onyx (ONXX -3%) finished the day lower due to fears of dilution, says Deutsche. Concerns over a...

|By:, SA News Editor

Onyx (ONXX -3%) finished the day lower due to fears of dilution, says Deutsche. Concerns over a potential capital raise were brought to light after management refused to rule it out. However, Deutsche believes the issue has already been priced into the shares, but notes it could due debt financing. Regardless, the firm thinks the fundamentals remain strong and that Kyprolis can beat expectations.