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ARGS

Argos Therapeutics

$0.16

-0.0131 (-7.72%)

08:45
01/08/18
01/08
08:45
01/08/18
08:45

Argos Therapeutics announces $1.5M equity investment by Lummy

Argos Therapeutic announced that it has signed a stock purchase agreement with Lummy, the Company's partner for Rocapuldencel-T in China and certain other territories, under which the Company has agreed to issue and sell to Lummy in a private financing 7.5 million shares of the Company's common stock for an aggregate purchase price of $1.5 million. The sale of the shares is expected to close on or prior to March 7, 2018. Lummy has agreed that, on the closing date, it will execute and deliver a lockup agreement under which it will agree not to sell, transfer or otherwise dispose of any shares of common stock of the Company for a period of 60 days from the closing date. The Company has agreed to file a registration statement with the SEC registering the resale of the shares sold pursuant to the stock purchase agreement.

ARGS Argos Therapeutics
$0.16

-0.0131 (-7.72%)

02/22/17
STFL
02/22/17
DOWNGRADE
STFL
Hold
Argos Therapeutics downgraded to Hold from Buy at Stifel
Stifel downgraded Argos Therapeutics to Hold following the IDMC recommendation to discontinue the ADAPT Phase 3 trial.
02/22/17
JMPS
02/22/17
DOWNGRADE
JMPS
Market Perform
Argos Therapeutics downgraded to Market Perform at JMP Securities
JMP Securities analyst Michael King downgraded Argos Therapeutics to Market Perform from Outperform after the Independent Data Monitoring Committee for the company's pivotal Phase 3 ADAPT clinical trial of rocapuldencel-T in combination with sunitinib/standard-of-care for the treatment of metastatic renal cell carcinoma recommended the study be discontinued for futility. Stifel also downgraded the shares today.
02/22/17
02/22/17
DOWNGRADE

Market Perform
Argos Therapeutics downgraded to Market Perform from Outperform at FBR Capital
02/22/17
NEED
02/22/17
DOWNGRADE
NEED
Hold
Argos Therapeutics downgraded to Hold from Buy at Needham

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