Invest-in-America
2 years ago
Hey, Admiral Scotty, Mr. EZ did NOT have even one share of this Beast --- since he "alerted it" MONTHS ago. (However, just imagine the Peeps that DID own this yesterday; and, when one reads the Lily DEAL, they gots lots MORE CASH coming, no matter how that Investigation goes down!!!!)
PS: My 'CONGRATS' post to Mr. EZ was pure SARCASM!!! (I used to like that dude, but he's just jerk.)
MiamiGent
2 years ago
SGTX "Nothing to see here"- already happened - but can marvel at :)
SIGILON THERAPEUTICS INC
$24.75 +20.82 (+529.77%)
As of Jun-29-2023
Sigilon Therapeutics Shares Are Shooting Higher Today - What's Going On
by BENZINGA
Sigilon Therapeutics Inc (NASDAQ:SGTX) shares are skyrocketing after Eli Lilly And Co (NYSE:LLY) agreed to acquire the company for a purchase price of $14.92 per share in cash (an aggregate of approximately $34.6 million).
Sigilon is also entitled to one non-tradeable contingent value right ("CVR") per share to receive up to an additional $111.64 per share in cash, for a total potential consideration of up to $126.56 per share in cash without interest (an aggregate of up to approximately $309.6 million excluding shares held by Lilly).
The transaction is not subject to any financing condition and is expected to close in the third quarter of 2023.
Since 2018, Lilly and Sigilon have worked together to develop encapsulated cell therapies, including SIG-002, for type 1 diabetes.
In the Q1 FY23 earnings release, Sigilon said its near-term focus is on development efforts for SIG-002, its product candidate for type 1 diabetes, which is being developed in collaboration with Eli Lilly.
Sigilon initiated IND-enabling activities for SIG-002 and anticipates initiating non-human primate (NHP) studies in 2H 2023. Additionally, the company expects an IND submission for SIG-002 in 2024.
crudeoil24
4 years ago
Sigilon Therapeutics, Inc., a biotechnology company that seeks to develop functional cures for chronic diseases through its Shielded Living Therapeutics™ platform, today announced the pricing of its upsized initial public offering of 7,000,000 shares of its common stock at a public offering price of $18.00 per share. All of the shares are being offered by Sigilon. In addition, Sigilon has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock at the initial public offering price, less the underwriting discounts and commissions. Sigilon’s common stock is expected to begin trading on the Nasdaq Global Market on December 4, 2020 under the symbol “SGTX.”
The gross proceeds of the offering, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Sigilon, are expected to be $126.0 million excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on December 8, 2020, subject to the satisfaction of customary closing conditions.
crudeoil24
4 years ago
Sigilon Therapeutics Inc. is a clinical-stage biotechnology company seeking to develop functional cures for patients with chronic diseases by providing stable and durable levels of therapeutic molecules to patients. The Company has developed its SLTx platform, which combines advanced cell engineering with advancements in biocompatible materials and enables its product candidates to produce a wide range of therapeutic molecules that may be missing or deficient, such as proteins, antibodies and enzymes. The Company’s lead product candidate is SIG-001, which is designed to prevent bleeding episodes in patients with moderate-severe to severe Hemophilia. The Company’s other product candidates includes SIG-009, SIG-003, SIG-005, SIG-007, SIG-018, SIG-002, SIG-014 and SIG-015.