Deal Details
Follow-on Offering
Summary
Baird served as a co-manager on this offering
About
Sarepta Therapeutics, Inc. (“Sarepta” or the “Company”) (NASDAQ-GS:SRPT) recently completed a follow-on offering of 7.65 million common shares at a price of $42.50 per share, generating gross proceeds of approximately $325 million. In addition, Sarepta has granted the underwriters a 30-day option to purchase up to approximately 1.15 million additional shares of its common stock. The Company intends to use the net proceeds of this offering for the continuation and initiation of further clinical trials, commercialization, manufacturing, business development activities including the potential licensing or acquisition of complementary products and technologies and other general corporate purposes.Sarepta is a commercial-stage biopharmaceutical company focused on the discovery and development of unique RNA-targeted therapeutics for the treatment of rare neuromuscular diseases. The Company is primarily focused on rapidly advancing the development of its potentially disease-modifying Duchenne muscular dystrophy (DMD) drug candidates. The Company is headquartered in Cambridge, Massachusetts.
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- Date
- July 2017
- Company
- Sarepta Therapeutics, Inc.
- Transaction
- M&A
- Sectors
- Healthcare
- Target Geography
- North America
- Acquiror Geography
- North America
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