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Why Antares Shares Plunged Today

By Brenton Flynn – Updated Apr 7, 2017 at 12:34PM

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Antares Pharma (ATRS) shares fell about 8% today after the company disclosed an equity offering of 12.5 million shares. Dilution is a way of life for many small pharmaceutical companies, and with today's announced capital raise, Antares will receive about $47 million in net cash, more than doubling its cash balance from the end of last quarter. While shareholders will be left holding a smaller piece of the pie, the company is approaching an important milestone in the first quarter of 2013, and today's move seemed like reasonable timing given the 80% run that shares have seen year to date. Follow along in the following video as Fool.com health care bureau chief Brenton Flynn discusses the Antares news in more detail.

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Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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