Indication intelligence, analysis and sector perception

RegMed Investors (RMi) Research note: LENZ Therapeutics (LENZ +$0.16 to $21.19 at open) $30 M PIPE financing

July 15, 2024

Stock purchase agreement with Ridgeback Capital Investments L.P. LENZ intends to use the net proceeds from the PIPE financing, with its existing cash, cash equivalents, and marketable securities, to support the regulatory, pre-commercial and potential commercial launch activities for LNZ100 as well as for working capital and general corporate purposes.

RegMed Investors (RMi): BrainStorm Cell Therapeutics (BCLI) Prices $4 Million Registered Direct Offering (RDO) at $0.36 of 11.11 million shares and 16.66 million warrants at $0.36

June 27, 2024

BCLI is trading at $0.34 or -$0.0451 or -$11.56% Maxim Group LLC is acting as the sole placement agent for the offering. … Walk away …

RegMed Investors (RMi) Research/Financing Note: Ultragenyx Pharmaceutical (RARE) priced offering of 7,435,898 shares at $39.00 per share.

June 14, 2024

RARE closed down -$1.52 at $43.12 with a -$1.94 or -4.50% to $41.18 The offering is expected to close on or about 6/17/24, subject to satisfaction of customary closing conditions.  J.P. Morgan, Goldman Sachs & Co. LLC, BofA Securities, and TD Cowen are acting as joint book-running managers for the offering.