India, Oct. 2 -- Several biotech and healthcare stocks moved sharply higher, driven by company-specific developments including financing activity, regulatory updates and strategic initiatives.
NewGen IVF Group Ltd. (NIVF)
NewGen IVF Group, which provides digital asset management and reproductive health solutions, saw its stock rise over 25% on Friday.
The company closed its previously announced public offering of approximately 17.86 million Class A ordinary shares or pre-funded warrants, priced at $0.07 per share or $0.06999 per pre-funded warrant.
The offering generated approximately $1.25 million in gross proceeds. NewGen IVF plans to use the net proceeds to invest in K25.ai, restructure debt, fund working capital, manufacture and dep...