BUZZ-BioAge Labs edges down after stock sale hiked to $115 mln

Reuters
2026.01.22 13:34
portai
I'm PortAI, I can summarize articles.

BioAge Labsshares fell 0.3% to $20.06 after the company raised $115 million by selling approximately 5.9 million shares at $19.50, a 3.1% discount to the last close. The funds will support research and development of its product candidates, including BGE-102 for cardiovascular and retinal diseases. Despite a recent drop, BIOA shares have surged 52% in early 2026 and tripled in the last three months. Analysts have mixed ratings, with one 'strong buy' and three 'hold' recommendations, targeting prices of $9, $12, and $15.