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Micro-cap brain cancer biotech CNS Pharmaceuticals prices IPO at $4 low end

November 7, 2019
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CNS Pharmaceuticals, an early stage biotech developing therapies for brain cancer and other CNS tumors, raised $9 million by offering 2.1 million shares at $4, the low end of the range of $4 to $5, to command a fully diluted market value of $67 million. CNS Pharmaceuticals plans to list on the Nasdaq under the symbol CNSP. The Benchmark Company acted as a lead manager on the deal.