Why Is Tenax Therapeutics (TENX) Stock Up 29% Today?
TENXTenax Therapeutics(TENX) Investor Place·2024-08-06 23:05

Tenax Therapeutics (NASDAQ:TENX) stock is soaring higher on Tuesday after the company announced the completion of an oversubscribed private placement for its shares.This oversubscribed private placement has Tenax Therapeutics expecting $100 million in gross proceeds. The company will use this money to continue its Phase 3 LEVEL trial, to start a second Phase 3 trial and for other general purposes.The private placement was led by new investor BVF Partners LP alongside several other investors. It includes 1,4 ...