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The Company has not yet announced the composition of the units, a subscription price, record date or subscription period. The Company plans to use the proceeds from the rights offering to provide equity capital to support the continuing execution of the Company's growth strategy, specifically to increase surgical instruments and fixation and biologics inventory, and for general corporate purposes, including research and development, business development and operational purposes. 9:27 am KaloBios Pharma confirms Martin Shkreli has disposed of his entire stake, outlines priority goals going forward ( KBIO ) : KaloBios has set out key near-term goals in executing its strategy: Benznidazole -- Expect to have U.S. Food and Drug Administration Pre-Investigational New Drug application meeting within the next six months to confirm the regulatory pathway for benznidazole in the treatment of Chagas disease, a neglected tropical disease. Lenzilumab -- Continue enrolling patients in the company's ongoing Phase 1 study of lenzilumab for Chronic Myelomonocytic Leukemia, with the expectation to use the data to help inform a possible study in Juvenile Myelomonocytic Leukemia, a rare pediatric condition. Corporate -- Regain compliance with periodic reporting requirements of the Securities and Exchange Commission, and seek relisting on a national stock exchange. 9:18 am S&P futures vs fair value: +3.50. Nasdaq futures vs fair value: +5.40. (:WRAPX) : The stock market is on track for a modestly higher start as the S&P 500 futures trade four points above fair value. Index futures notched fresh session highs in recent action, responding to an in-line reading of the Personal Income and Spending Report for July.
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