Mersana Completes $174.8 Million Follow-On Offering

Healthcare

Mersana follow-on offering


Summary

Mersana Therapeutics, Inc. (“Mersana” or the “Company”) (NASDAQ-GS:MRSN) recently completed an underwritten public offering of 9,200,000 shares of its common stock, which included the exercise in full by the underwriters of their option to purchase an additional 1,200,000 shares of common stock, at a public offering price of $19.00 per share. The gross proceeds to Mersana from the offering are expected to be $174.8 million.

Baird served as a co-manager on this offering.

About

Mersana is a clinical-stage biopharmaceutical company using its differentiated and proprietary ADC platforms to rapidly develop novel ADCs with optimal efficacy, safety and tolerability to meaningfully improve the lives of people fighting cancer. Mersana’s lead product candidate, XMT-1536, is in the expansion portion of a Phase 1 proof-of-concept clinical study in patients with ovarian cancer and NSCLC adenocarcinoma. XMT-1592, Mersana’s second ADC product candidate targeting NaPi2b-expressing tumors, was created using Mersana’s customizable and homogeneous Dolasynthen platform and is in the dose escalation portion of a Phase 1 proof-of-concept clinical study. The Company’s early stage programs include a B7-H4 targeting ADC, as well as a STING-agonist ADC developed using the Company’s Immunosynthen platform. In addition, multiple partners are using Mersana’s Dolaflexin platform to advance their ADC pipelines. Mersana Therapeutics, Inc. is headquartered in Cambridge, Massachusetts.
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Healthcare

Mersana follow-on offering

Date
June 2020
Company
Mersana Therapeutics, Inc.
Transaction
Equity Capital Markets
Sectors
Healthcare
Verticals
Biotechnology & Pharmaceuticals
Target Geography
North America

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