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$CALA $3.15 on 3/18 & ran to $8.15 +158% today before pulling back late and people are talking trash. Who cares if they offer at $5,6,7,8. They will have funds to last 3 years now (doesn’t include any $INCY cash or additional deals)which could get them through this recession.
Even if they offer at $6-$6.30 that’s 100% gain in 17 trading days, but yeah shame on them for raising cash in a pandemic 
. The morons who are saying they tapped their ATM are wrong. Per the prospectus they sold 1.16M out of the ATM.
. The morons who are saying they tapped their ATM are wrong. Per the prospectus they sold 1.16M out of the ATM.
This offering has no warrants and has a sole book runner with Citi which if any of you have brains means they had plenty of demand and didn’t have to shop around.
Almost every biotech is dealing with delays or enrollment issues so eveykne should be looking to raise money if you can bc it’s the smart thing to do for the long term. I’ve always believed you raise money when you don’t need it and it will give you more leverage in the Longterm
If any of your biotechs run 100-150% and don’t raise money then shame on them.
