Home Top Movers Is Iterum Therapeutics plc on a hot streak? Let's look at...

Is Iterum Therapeutics plc [ITRM] on a hot streak? Let’s look at it in more detail

Iterum Therapeutics plc [Nasdaq: ITRM] stock rose yesterday as it was high more than 47.40% to close at $2.270.The ITRM stock price has dropped by -0.65% for the week, though its monthly jump was 32.76%, with an annual return of -37.90%, and an increase of 208.00% quarterly.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

ITRM Corporate Focus


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Iterum Therapeutics is dedicated to the advancement of differentiated anti-infectives to combat the global pandemic of super-germs that threatens to undermine modern healthcare.

Read More

Recent Development

ITRM recently announced that, due to increased demand, the existing offering size was increased. The company agreed to acquire at a public offering price of $1.15 per share (or pre-funded warrants in lieu thereof) at a firm commitment price of 34,782,609 ordinary shares. Additionally, the Company has granted the underwriter the right to purchase up to 5,217,391 additional shares on the same terms and conditions for the period of 30 days. The warrants are all being offered by the Company. Closing is expected to take place on or about February 8, 2021, as long as all closing conditions are satisfied.

Upon closing the offering, the Company expects to earn approximately $40.0 million in gross proceeds before deducting underwriting discounts and commissions, as well as other offering expenses.

In addition to pre-commercializing and potentially launching oral sulopenem for pre-commercialization purposes, the Company plans to use the net proceeds of the offering for working capital and general corporate purposes.

According to the Iterum Therapeutics plc [Nasdaq: ITRM] current operating plan, its cash and cash equivalents, together with the net proceeds of the offering, should fund the Company’s operating expenses after the offering closes and the FDA must approve the potential commercial launch of oral sulopenem and the cost of its development and testing for oral sulopenem until the third quarter of 2022, including the PDUFA goal date of July 25, 2021. ​The Company’s operating plans and assumptions may change due to many factors including various risks and uncertainties.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

Conclusion

According to analysts, the pharmaceutical industry is experiencing its prime period. Science is revealing new insights into the prevention and treatment of illnesses never before comprehended. For investors, this is an excellent time to invest.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

Veoneer Inc. (VNE) stock shows massive gains during pre-market. What’s driving it high?

Veoneer Inc. (NASDAQ: VNE) stock decline by 1.82% at the last close whereas the VNE stock price gains by 55.19% in the pre-market trading...

AnPac Bio-Medical Sciences Inc. (ANPC) stock soars during pre-market. Here’s what you should know?

AnPac Bio-Medical Sciences Inc. (NASDAQ: ANPC) stock declined by 4.98% at last close however the ANPC stock price gains by 6.96% in the pre-market...

Endeavour Silver Corp. (EXK) stock surged during pre-market trading. Here’s what you should know?

Endeavour Silver Corp. (NASDAQ: EXK) stock declined by 4.97% at the last close whereas the EXK stock price gains by 3.56% in the pre-market...

Here is why Amneal Pharmaceuticals Inc (AMRX) stock soared on Monday?

Amneal Pharmaceuticals Inc. (AMRX) shares rose 7.18% in after-hours on Monday, July 19, 2021, and closed at $4.63 per share. Earlier in the morning,...

Why Applied DNA Sciences Inc. (APDN) stock had a bad Friday?

Applied DNA Sciences Inc. (APDN) shares fell 5.27% in after-hours on Friday, July 16, 2021, at $5.03 per share. Earlier, APDN's stock lost 2.93%...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam