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Gamida Cell -9.7% on registration of $34.7M in shares

Jun. 24, 2019 6:10 PM ETGamida Cell Ltd. (GMDA) StockGMDABy: Jason Aycock, SA News Editor
  • Gamida Cell (NASDAQ:GMDA) is 9.7% lower on a registration to offer $34.7M worth of shares.
  • That comes via RBC Capital markets, JMP Securities and Oppenheimer.
  • It expects net proceeds of about $27.7M (or $31.9M if underwriters exercise an overallotment option in full), to be used as follows: $15M-$20M to fund clinical development; about $5M-$10M to expand manufacturing, and the rest for general purposes.

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