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Why RedHill Biopharma (RDHL) Stock Is Falling 11% Today?

SIG Stock

SIG Stock

The biopharmaceuticals firm RedHill Biopharma Ltd. (RDHL) is facing a -11.27% decline in its share price during pre-market trading today following the announcement of an offering of $10 million of its American Depositary Shares (ADS).

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RedHill Biopharma is involved in the biopharmaceuticals segment focused mostly on infectious diseases and gastrointestinal disorders.

In addition to the gastrointestinal drugs Movantik and Talicia, Redhill offers Aemcolo for the treatment of travelers’ diarrhea in adults.

Among RedHill’s clinical late-stage development programs are:

On Monday, RedHill Biopharma announced that it has signed an underwriting agreement with H.C. Wainwright & Co., LLC.

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