Biomea Fusion Shares Fall 19% After Hours: Here’s Why

Biomea Fusion Inc (NASDAQ: BMEA) shares fell 18.82% to $1.38 in after-hours trading following the announcement of an underwritten public offering of common stock. The company did not disclose the size or terms of the offering, which is subject to market conditions. Biomea Fusion has a market capitalization of approximately $123.22 million and has seen a 14.57% decline in share price over the past year, with a 52-week trading range of $0.87 to $2.99.