(24/7 MARKET NEWS) – PaxMedica, Inc. (Nasdaq: PXMD) stated, after yesterday’s market close, that it entered into a purchase agreement and registration rights agreement for up to $20 million with Lincoln Park Capital Fund, LLC.
Paxmedica is active in this morning’s premarket trading at $2.1596, up $0.6096 (+39.33%), on over 2.9 million shares.
Its 52-week range is $1.36 to $10.48, with its next inflection points at $2.26 and $2.52.
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