Prolor Biotech Tumbles Most in Month After Offering Announcement

Prolor Biotech Inc. (PBTH) declined the most in more than a month after the developer of therapeutic proteins priced an offering of 6.5 million shares at $5 each.

The shares tumbled 6.1 percent, the most since April 8, to 20.20 shekels at 10:27 a.m. in Tel Aviv. The U.S.-traded shares declined 7.9 percent to $5.24 on May 11 when the company announced the pricing.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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