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Shuttle Pharmaceuticals IPO Opens Sharply Higher By Investing.com

© Reuters. Shuttle Pharmaceuticals (SHPH) IPO Opens Sharply Higher

Today’s IPO for Shuttle Pharmaceuticals Holdings, Inc. (Nasdaq: SHPH) opened for trading at $24.05 after pricing 1,225,888 units of common stock and warrants, which priced at $8.125 per unit.

Boustead Securities, LLC acted as lead underwriter and Valuable Capital Ltd. acted as co-underwriter for the offering.

Founded in 2012 by faculty members of the Georgetown University Medical Center, Shuttle Pharmaceuticals is a discovery and development stage specialty pharmaceutical company focused on improving the outcomes of cancer patients treated with radiation therapy (RT). Our mission is to improve the lives of cancer patients by developing therapies that are designed to maximize the effectiveness of RT while limiting the side effects of radiation in cancer treatment.

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