Thursday, September 24, 2020
Home Business Strongbridge Bio raises $25M by public providing (NASDAQ:SBBP)

Strongbridge Bio raises $25M by public providing (NASDAQ:SBBP)

Strongbridge Biopharma (NASDAQ:SBBP) has priced its public providing of ~11.1M peculiar shares at $2.25/share for complete gross proceeds of ~$25M.

Underwriters’ over-allotment is a further ~1.67M shares.

Web proceeds might be used for improvement and commercialization of Recorlev in U.S., help the life cycle administration actions of Keveyis and different basic company functions.

Cut-off date is September 21.

Shares down 14% after-hours.

Beforehand: Strongbridge Biopharma readies equity offering (Sept. 16)

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