Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Cartesian Therapeutics (RNAC) just unveiled an announcement.
Cartesian Therapeutics, Inc. has secured a $130 million private investment through a stock sale, with the transaction set to close on July 3, 2024. This includes selling common and Series B Non-Voting Convertible Preferred shares at $20 each. Additionally, the company appointed Dr. Kemal Malik as a Class II director, who brings a wealth of experience from his previous roles, including at Bayer AG. Dr. Malik will also receive compensation in the form of cash retainers and stock options. Moreover, the company has announced promising results from a Phase 2b trial of Descartes-08, a potential treatment for myasthenia gravis, and will be hosting a conference call to discuss these findings.
Find detailed analytics on RNAC stock on TipRanks’ Stock Analysis page.