Search Results for: Clinical Roundup
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Ambit Cuts Price, Ups Shares; $65M IPO to Fund Quizartinib
Net proceeds from the IPO are expected to total $57.6 million – or $66.7 million if underwriters exercise their full overallotment option of 1 .2 million shares...The immunotherapy firm expects to use net proceeds to fund R&D activities, including a request for orphan drug designation for ADSX-HPV in human papillomavirus-associated diseases, and for working capital and general corporate purposesBy Jennifer Boggs | BioWorld Today | Friday, May 17, 2013 -
Tokai Adds $35.5M in Series E, Preps for Phase III CRPC Trials
Gross proceeds totaled about $35 million, with net proceeds of $32.8 million to fund SFP clinical trials and for other general corporate purposes...The remainder of the net proceeds will be used for continued commercialization of its products, development of its product candidates and for general corporate purposesBy Jennifer Boggs | BioWorld Today | Thursday, May 16, 2013 -
Financings Roundup
Omeros Corp., of Seattle, said it closed the registered direct offering of 3.9 million shares of common stock priced at $4.14 per share, raising net proceeds of about $16.1 million...Funds will be used for general corporate purposes, including expenses related to the potential commercialization of OMS302 for intraocular lens replacement, as well as for R&D expenses such as funding planned clinical trials for its OMS103HP, PDE10, MASP-2 and PDE7 programsBioWorld Today | Wednesday, May 15, 2013 -
Financings Roundup
Net proceeds of about $13.2 million will be used primarily to support the commercial introduction of Surfaxin, its surfactant product approved last year for respiratory distress syndrome in premature infants, and the Afectair aerosol-conducting airway connector for infants, as well as for general corporate purposes...Net proceeds are expected to total about $16.1 million and will be used for general corporate purposes, including expenses related to the potential commercialization of OMS302 forBioWorld Today | Monday, May 13, 2013 -
Receptos Prices Solid IPO, Raises $72.8M for Pipeline
The funds will support clinical work in multiple sclerosis (MS), inflammatory bowel disease (IBD) and allergic/immune-mediated disorders. (See BioWorld Today, April 8, 2013.) The pricing hits pretty close to the $86.3 million target set when the company filed for its offering only a month ago...Net proceeds will be used primarily for working capital, R&D and general corporate purposesBy Catherine Shaffer | BioWorld Today | Friday, May 10, 2013 -
Lumena Large: $23M Series A Funds Phase II Cholestatic Bid
The drug has gone through 12 clinical trials in more than 1,400 subjects already, showing that it knocks down serum bile acid levels safely...Idera plans to use net proceeds for a Phase II trial with IMO-8400 in patients with psoriasis, and for working capital and general corporate purposesBy Randy Osborne | BioWorld Today | Thursday, May 9, 2013 -
Arrowhead Bolsters Balance Sheet, Adds $36M for Pipeline
Net proceeds of about $86.4 million will be used in part – $19.6 million – to repay in full the company's borrowings under and terminate its credit facility...Shares of Supernus (NASDAQ:SUPN) lost 3 cents Monday to close at $5.12.By Jennifer Boggs | BioWorld Today | Tuesday, May 7, 2013 -
Epizyme Files for IPO, Aims for $69M for Epigenetics Platform
Net proceeds will be used to support R&D activities, working capital and general corporate purposes...The funding allowed ReXceptor to enter a formal partnership with C2N Diagnostics, which will assist the company with the initiation and coordination of the clinical trial of an AD program licensed from Case Western's Technology Transfer Office and based on discoveries that bexarotene, a medication sold at Targretin for cutaneous T-cell lymphomas, reversed AD symptoms in mice within 72 hours of aBy Jennifer Boggs | BioWorld Today | Monday, April 29, 2013 -
Financings Roundup
12, for net proceeds of approximately $9.9 million...Coronado plans to use the proceeds to fund R&D, clinical trials and manufacture of supply as well as other corporate purposesBioWorld Today | Friday, April 12, 2013 -
IPO Flurry Continues: Receptos Files Proposed $86M Offering
Most of the net proceeds from the proposed IPO would go toward advancing those two compounds, though Receptos said it might also in-license additional programs...Net proceeds will be used for general corporate purposesBy Jennifer Boggs | BioWorld Today | Monday, April 8, 2013 -
Financings Roundup
Net proceeds will be used to cover costs related to the new drug application for CompleoTRT, making a milestone payment for CompleoTRT, manufacturing scale-up for CompleoTRT and Tefina clinical trialsBioWorld Today | Friday, April 5, 2013 -
Vivus Plays for Time; Enters $110M Capped Royalty Deal
Net proceeds totaled $12 million and will be used to fund R&D and clinical trials, acquisition of intellectual property and other purposes...The funds will be used to advance Theraclone's clinical programs and support its I-STAR technology platform.By Catherine Shaffer | BioWorld Today | Wednesday, March 27, 2013 -
Enanta Raises $56M in IPO; Soars on First Day Trading
Net proceeds are expected to support clinical trial costs and acquisition of manufacturing equipment, leasehold improvements and general corporate purposesBy Jennifer Boggs | BioWorld Today | Friday, March 22, 2013 -
Antibiotic Developer Tetraphase Prices Initial Public Offering
Net proceeds of about $12 million will be used to support R&D, acquisition of intellectual property related to complementary drug therapies, clinical trials and other expensesBy Peter Winter | BioWorld Today | Thursday, March 21, 2013 -
Financings Roundup
Cerus anticipates using the net proceeds for clinical development and other R&D activities related to the Intercept Blood System, preparatory activities for the potential commercialization of the system in the U.S...The net proceeds to Hyperion are about $64.5 millionBioWorld Today | Friday, March 15, 2013 -
Following Ravicti Win in UCD, Hyperion Seeks $59.7M for HE
Oculus plans to use net proceeds for general corporate purposes, including repaying a portion of certain long-term debt...at the same unit price.By Marie Powers | BioWorld Today | Monday, March 11, 2013 -
Financings Roundup
The net proceeds are intended to fund preclinical research and development efforts in the areas of infectious diseases, including respiratory syncytial virus, malaria and anthrax, and to support Phase I trials for those programs...Net proceeds are expected to be about $79.2 millionBioWorld Today | Friday, March 1, 2013 -
Medgenics Lays More Runway for Biopump with $30M Raise
Funds will be used to support clinical trials and for working capital and general corporate purposes. (See BioWorld Today, Feb. 7, 2013...Net proceeds are expected to total about $8.13 million and will support the firm's work on compounded drug formulationsBy Nuala Moran | BioWorld Today | Monday, February 11, 2013 -
Financings Roundup
The net proceeds will be used for working capital and general corporate purposes, including the continuation of the Abili-T clinical study, Opexa's ongoing Phase IIb trial of Tcelna in secondary progressive multiple sclerosis patientsBioWorld Today | Friday, February 8, 2013 -
Financings Roundup
The company reports having about $19 million in cash after the financing, enough for the first clinical trials for its broad-spectrum anti-influenza drug candidate, FluCide...Aggregate net proceeds to the company were about $49 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by NewLinkBioWorld Today | Tuesday, February 5, 2013
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