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BioWorld - Saturday, May 2, 2026
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Home » Chasing Karuna, Cerevel prices an underwritten offering
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Chasing Karuna, Cerevel prices an underwritten offering

Oct. 12, 2023
By Lee Landenberger
In a race with Karuna Therapeutics Inc. to get its schizophrenia drug to market, Cerevel Therapeutics Holdings Inc. has priced an underwritten public offering at $22.81 per share. The offering is worth of about $450 million, with the company estimating sales of the 19.7 million shares will yield net proceeds of about $433.6 million.
BioWorld Financings Neurology/psychiatric

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