HomeFinancial MarketsWhy Vincerx Pharma Inc. (VINC) stock popup on Thursday?

Why Vincerx Pharma Inc. (VINC) stock popup on Thursday?

Vincerx Pharma Inc. (VINC) shares gained 6.65% in after-hours on Thursday, September 16, 2021, and closed the daily trading at $17.00. Earlier in the regular trading session, VINC’s stock gained 0.76%. VINC shares have risen 58.13% over the last 12 months, and they have moved down 8.34% in the past week. Over the past three months, the stock has gained 30.02%, while over the past six months, it has declined 35.28%.

Let’s discuss its recent news.


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


>> 7 Top Picks for the Post-Pandemic Economy << 

VINC private placement

On September 16, 2021, Vincerx Pharma, Inc. (VINC) entered into a definitive agreement to sell an aggregate of 3.5 million shares of common stock at a purchase price of $14.50 per share. The private placement consists of  Deerfield Management Company, Rock Springs Capital, Point72 Asset Management, and Sphera Healthcare, among others.

Read More

VINC participation in the recent investor conference

Vincerx Pharma, Inc. (VINC) recently participated at the 2021 Wells Fargo Virtual Healthcare Conference, which was held on September 9-10, 2021.

VINC recent financial results announcement

On August 12, 2021, Vincerx Pharma, Inc. (VINC) reported its financial results for the second quarter ended June 30, 2021.

Q2 2021 financial highlights

  • Research and development (R&D) expenses were $10.7 million in Q2 2021 compared to zero in Q2 2020.
  • General and administrative expenses were $6.7 million in Q2 2021compared to only $33,000 in Q2 2020.
  • It suffered a net loss of $2.0 million, or $0.12 per share, basic and diluted in Q2 2021.
  • As of June 30, 2021, the company had $85.6 million in cash and cash equivalents, which includes the proceeds from the recent public warrant redemption, compared to $61.8 million on December 31, 2020.

VINC on Russell 3000 and Microcap Indexes

June 28, 2021, Vincerx Pharma, Inc. (VINC) joined the broad-market Russell 3000 and Microcap® Indexes as part of the 2021 Russell indexes annual reconstitution.

VINC VIP152 Clinical Data

On June 04, 2021, Vincerx Pharma, Inc presented safety and efficacy data from the Phase 1 study of VIP152, the Company’s PTEFb/CDK9 inhibitor, in patients with double-hit lymphoma at the 2021 American Society of Clinical Oncology (ASCO) Annual Meeting which was held virtually from June 4-8, 2021.

>> 7 Top Picks for the Post-Pandemic Economy << 

Conclusion

The private stock placement was the reason behind its gains on Thursday and it can close the week by surging more on Friday as well.

Get The Best Stocks To Trade Every Day!

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

Related Videos

Must Read

Related News

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