Follow-on Offering

Healthcare
Follow-on Offering

Summary

Baird served as a lead manager on this offering

About

AVEO Pharmaceuticals, Inc. (“AVEO”) (NASDAQ-CM:AVEO) recently completed an underwritten public offering of 9,725,000 shares of its common stock, which included the partial exercise by the underwriters of their option to purchase an additional 1,225,000 shares of common stock, at a public offering price of $5.25 per share. The gross proceeds to AVEO from the offering are expected to be approximately $51.1 million.

AVEO is developing an oncology pipeline designed to provide a better life for patients with cancer. AVEO’s strategy is to focus its resources toward development and commercialization of its product candidates in North America, while leveraging partnerships to support development and commercialization in other geographies. AVEO’s lead candidate, tivozanib (FOTIVDA) is approved in the European Union, the United Kingdom, Norway, New Zealand and Iceland for the treatment of adult patients with advanced renal cell carcinoma. AVEO is working to develop and commercialize tivozanib in North America as a treatment for renal cell carcinoma and hepatocellular carcinoma. Ficlatuzumab (anti-HGF mAb) is in a randomized Phase 2 confirmatory clinical trial in head and neck cancer and has previously reported promising early clinical data in head and neck cancer, acute myeloid leukemia and pancreatic cancer. AVEO’s earlier-stage pipeline includes several monoclonal antibodies in oncology development, including AV-203 (anti-ErbB3 mAb), AV-380 (anti-GDF15 mAb) and AV-353 (anti-Notch 3 mAb). AVEO Pharmaceuticals, Inc. is headquartered in Boston, Massachusetts.
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Healthcare
Follow-on Offering
Date
June 2020
Company
AVEO Pharmaceuticals, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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