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ATyr Pharma secures $5M capital raise; shares down 4% premarket

Apr. 11, 2019 9:23 AM ETaTyr Pharma, Inc. (LIFE) StockBy: SA News Team
  • ATyr Pharma (NASDAQ:LIFE) agrees to sell ~9.2M shares at $0.541 per share yielding $5M to The Federated Kaufmann Small Cap Fund and existing shareholder Paul Schimmel, Ph.D., in a registered direct offering.
  • Proceeds will be used to advance clinical development of ATYR1923, and for other general corporate purposes.
  • Closing date is April 12.
  • Shares are down 4% premarket.

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