other material
confidence high
sentiment positive
materiality 0.50
Lantern Pharma announces $7M share repurchase program
Lantern Pharma Inc.
- Board authorized up to $7M of common stock repurchases.
- Cash and equivalents totaled $73.8M as of Sept 30, 2021.
- Approximately 11.2M shares outstanding as of Oct 29, 2021.
- CEO states program reflects confidence in pipeline and platform.
- Repurchases may occur on open market or privately; program can be modified.