ARTICLE | Financial News

Proteostasis withdraws offering after short report

March 21, 2018 8:51 PM UTC

Proteostasis Therapeutics Inc. (NASDAQ:PTI) withdrew its proposed follow-on Tuesday evening, citing market conditions.

Proteostasis had proposed Monday after market hours to sell 9 million shares. The company lost $1.83 (26%) to $5.16 on Tuesday, then regained $0.31 to $5.47 on Wednesday...