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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Mar. 30, 10:02 PM

Slide #4. Synta Pharmaceuticals Corp. Secondary Offering

Company: Synta Pharmaceuticals Corp. (NASDAQ:SNTA)
Date announced: 3/30/2015
Secondary Offering Details: Synta Pharmaceuticals Corp. (NASDAQ:SNTA) today announced that it has commenced an underwritten public offering of shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Synta intends to grant the underwriters a 30-day option to purchase additional shares of its common stock.

Synta Pharmaceuticals is engaged in discovering, developing, and commercializing small molecule drugs for patients with severe medical conditions, including cancer and chronic inflammatory diseases. Co.'s clinical-stage programs in oncology include: Ganetespib, which is being evaluated in cancer clinical trials including its GALAXY NSCLC program in combination with docetaxel chemotherapy, and as monotherapy in certain genetically-defined targeted patient populations; and Elesclomol, which is being evaluated in combination with paclitaxel in ovarian cancer. Co.'s preclinical-stage programs focusing on inflammatory diseases include CRACM Ion Channel Inhibitors and IL-12/23 Inhibitors.
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Company Name:  Synta Pharmaceuticals Corp
Website:  www.syntapharma.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding SNTA:  15
Total Market Value Held by ETFs:  $7.91M
Total Market Capitalization:  $251.00M
% of Market Cap. Held by ETFs:  3.15%
 

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March 30, 2015    10:02 PM Eastern
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Buy (2.67 out of 4)
26th percentile
(ranked lower than approx. 74% of all stocks covered)
Based on Zacks ABR data;
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