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Arca Biopharma Board to Weigh Strategic Options for Company -- Shares Rise After-Hours

4:57PM ET 4/18/2022 MT Newswires
Arca Biopharma (ABIO) said Monday its board formed a special committee of directors to study potential strategic options to maximize stockholder value.

"The company believes there are multiple potential opportunities to enhance value for Arca stockholders," the biopharmaceutical company said.

Arca shares were up 4% in after-hours trading.

Price: 2.41, Change: +0.09, Percent Change: +3.88