Sientra gets $60M investment but shares drop 23 percent

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Sientra gets $60M investment but shares drop 23 percent

By Staff Report / Thursday, March 12th, 2020 / Comments Off on Sientra gets $60M investment but shares drop 23 percent

Sientra shares plunged 23 percent in trading March 12, after the company announced a $60 million investment by New York health care investor Deerfield Management. The deal included convertible notes at a 3 percent premium over the company’s March 10 closing stock price, or $4.10 per share.  The Goleta-based breast implant company plans to use…

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