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Why KemPharm Stock Sank Today

Why KemPharm Stock Sank Today

Shares of KemPharm (NASDAQ: KMPH) were sinking 12.6% as of 3:33 p.m. EDT on Friday. The big drop came after the drugmaker announced the exercise of existing warrants and the issuance of new warrants. In KemPharm's latest transaction, holders with warrants that could have been exercised for nearly 6.2 million shares received a new deal.