Vaxcyte slides as recent $1.15 billion financing weighs on shares
Vaxcyte (PCVX) shares fell 5.4% due to dilution concerns from a $1.15B financing round. The company raised funds via equity and convertible notes, with proceeds earmarked for clinical development and commercial prep. Insiders sold shares, while hedge funds showed mixed activity. Topline trial data is expected by late October 2026.

