June 3, 2016 9:35am
SELL to come back cheaper ... news is built into priciing
KITE making added $6 M investment, in addition to a prior 12/20/15’s $1 M equity investment, in Cell Design Labs
The Bottom Line: KITE to pay Cell Design $2 M upfront, up to $9 M added payments over R&D term
Cell Design eligible for up to $56.5 M in milestones, tiered single digit royalties
KITE closed at $54.87, its build into the stock – traders will sell into strength, come back at a cheaper price
35 companies, 1 interpreter!
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