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23.07.2016 18:26:36

ContraFect Corp (NASDAQ:CFRX) Loses Ground On New Stock Offering

Scarcely an hour has passed since market open and the stock of ContraFect Corp (NASDAQ:CFRX) is already lining up with the biggest losers on the intra-day charts. As we write this, CFRX is down 15% from its latest close after the biotech revealed what appears to be the first tranche of an up to one-hundred-million-dollar impending public offering of common stock and warrants. The latter surfaced in an S-3 Shelf Registration Statement which was filed with the SEC on June 1, 2016. read more in hotstocked.com

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