In my view this financing news is already priced in, but that's not what Cantech is saying....seeming to imply that the closing news has a cause/effect relationship. I think yesterday's drop was, for lack of a better expression, market sleight of hand.

Resverlogix rises after closing $50-million financing

http://www.cantechletter.com/2015/07/resverlogix-rises-after-closing-50-million-financing/