News

(RTTNews) - Biotechnology company, Liquidia Corp. (LQDA) stock gained 9% on Thursday following announcement of a total of $100 new financings from Patient Square Capital and Healthcare Royalty.

Currently, Liquidia's shares are moving up 9.34%, to $12.41 on a volume of 1,279,314. It has traded between $5.67 and $12.51 in the past 52-week period on the Nasdaq.

The company has entered into a share purchase agreement with Patient Square Capital for private placement of around 7.2 million shares at $10.442 per share, to raise $75 million. The offering is expected to close on January 8.

The company said that it has received an additional advance of $25 million from Healthcare Royalty under their Revenue Interest Financing Agreement on Wednesday. Lululemon Founder Chip Wilson Lands In Controversy Over

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.