Editor replaced “eFFECTOR Therapeutics Reports Positive Zotatifin Phase 2 Data then Drops Anvil on their Shareholders” with this updated announcement coverage
(24/7 MARKET NEWS) – eFFECTOR Therapeutics, Inc. (NASDAQ: EFTR) was trading higher in this morning’s premarket, after reporting positive interim data updates from a Phase 2 study, but followed that with a second announcement of $7.5 Million registered at-the-market direct offering, bailing out any shorters who were about to feel some pain.
It was trading at new 2023 highs, but that party’s over, at least for a while, and I can almost picture the Company’s officers and board singing along to Jim Morrison “No one here gets out alive,” as they’re holding mock shareholder heads under water.
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