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Why Morphic Holding Stock Is Falling Today

Why Morphic Holding Stock Is Falling Today

As of 11:10 a.m. EST, the biopharmaceutical company's stock is down by 13.6%. Second, the drugmaker announced a proposed public offering of common stock. After the close of Monday's trading session, Morphic Holding announced that it would offer $200 million of shares of its common stock in a public offering.