AVROBIO Announces Proposed Public Offering of Common Stock
AVROBIO, Inc. (AVRO)
Last avrobio, inc. earnings: 11/7 07:00 am
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US:NASDAQ Investor Relations:
investors.avrobio.com/investor-relations
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Source: Business Wire
CAMBRIDGE, Mass--(BUSINESS WIRE)--AVROBIO, Inc. (NASDAQ: AVRO) (the “Company”), a Phase 2 clinical-stage gene therapy company, today announced that it intends to offer and sell, subject to market and other conditions, $100.0 million of its common stock in an underwritten public offering. The Company expects to grant the underwriters a 30-day option to purchase up to $15.0 million of additional shares of its common stock (15%) offered in the public offering. All of the shares in the proposed offering are to be sold by the Company. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.Morgan Stanley and Cowen are acting as joint book-running managers for the offering.The Company intends to use the net proceeds from the offering, in addition to its existing cash resources, to fund the support of the Company’s current programs in Fabry disease, Gaucher
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