Dogwood Therapeutics climbs after shareholder swaps debt for equity
ReutersMar 12, 2025 2:21 PM
Shares of drug developer Dogwood Therapeutics DWTX.O rise ~13% to $12.59
Co's largest shareholder, CK Life Sciences, is converting a $19.5 mln loan into preferred equity stock
DWTX says it is issuing 284.2638 shares of preferred stock to CK Life Sciences, which owns 15.9% of co's outstanding shares - LSEG
Co says it can now focus on its mid-stage clinical trial for its pain treatment drug, Halneuron, which targets chemotherapy-induced neuropathic pain
DWTX fell ~83% in 2024
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