Plus Therapeutics has announced the FDA's conditional acceptance of the proprietary name REYOBIQ for its lead drug candidate. The drug, rhenium Re186obisbemeda, is currently under clinical investigation for Leptomeningeal Metastases (LM) and Recurrent Glioblastoma (GBM). Plus Therapeutics, a clinical-stage pharmaceutical company, is developing targeted radiotherapeutics for central nervous system (CNS) cancers.

The FDA has conditionally accepted the proprietary name REYOBIQ for Plus Therapeutics, Inc's lead drug candidate. The drug, scientifically known as rhenium Re186 obisbemeda, is currently under clinical investigation for Leptomeningeal Metastases (LM) and Recurrent Glioblastoma (GBM). Plus Therapeutics, Inc. is a clinical-stage pharmaceutical company that specializes in developing targeted radiotherapeutics for central nervous system (CNS) cancers.

Plus Therapeutics, a clinical-stage pharmaceutical company, has secured approximately $15 million in a private placement. The raised funds will be directed towards the progression of the firm's central nervous system cancer therapies and to achieve near-term milestones.

The Series A Warrants issued in the Private Placement have an initial exercise price of $1.32 per share of Common Stock and are only exercisable following stockholder approval, expiring five years thereafter. These are subject to adjustment and come with anti-dilution protection. The Series B Warrants issued in the Private Placement have an initial exercise price of $1.98 per share.

1) Brief Summary: PLUS THERAPEUTICS, Inc. (PSTV) shows a significant positive momentum in the recent week with a performance increase of 94.54%. The company's sales have grown by 474.41% over the past 5 years, with a 17.42% quarter-on-quarter increase. However, the company also shows a negative return on equity (ROE) of -522.50% and an EPS surprise of 34.22%, indicating that actual earnings were higher than estimated. The company's debt-to-equity ratio cannot be evaluated as the equity is negative. Despite the recent insider transactions, the overall insider ownership is just 2.55%. 2) MARKET_SCORE: 70

: Given the positive performance and sales growth, but considering the negative ROE, there is a 70% likelihood of an upward move. 3) PRICE_TARGET: $2.16

: Considering the positive sales growth and performance week, the price target is set 50% higher than the latest close, which is $1.4395. 4) AI_RPT_HEADLINE: "PLUS THERAPEUTICS Sees Momentum Amid Sales Growth and Performance Spike"

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