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Presbia up 15%

Published 03/14/2018, 10:39 AM
© Reuters.  Presbia up 15%
LENSF
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  • Thinly traded nano cap Presbia (LENS +15.3%) is up on lower-than-normal volume in early trade. No particular news accounts for the action, although it looks like the company will need a capital raise at some point.
  • At the end of September 2017, it had $7.1M in cash and operations consumed $10.7M over the first three quarters of 2017. In December, it announced a realignment of strategic priorities and a cash infusion that it believed would be sufficient to fund operations through 2018.
  • Q4 and 2017 results should be announced this month
  • Previously: Presbia up big on heels of business reboot; shares ahead 150% (Dec. 19, 2017)
  • Now read: U.S. Orphan Drug roundup


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