Alder BioPharmaceuticals, Inc. Announces Commencement of Public Offering of Common Stock
ALDER BIOPHARMACEUTICALS INC (ALDR)
Last alder biopharmaceuticals inc earnings: 8/6 04:07 pm
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US:NASDAQ Investor Relations:
investor.alderbio.com/node/5806
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Source: GlobeNewswire
BOTHELL, Wash., July 11, 2017 (GLOBE NEWSWIRE) -- Alder BioPharmaceuticals, Inc. (NASDAQ:ALDR), a clinical-stage biopharmaceutical company developing its solely-owned pivotal-stage product candidate eptinezumab as the only anti-CGRP monoclonal antibody for the prevention of migraine administered via infusion, announced today that it intends to offer and sell, subject to market and other conditions, 12,500,000 shares of its common stock in an underwritten public offering. In connection with this offering, Alder BioPharmaceuticals, Inc. expects to grant the underwriters a 30-day option to purchase up to 1,875,000 additional shares of common stock. Alder intends to use the net proceeds from the offering, together with other available funds, to fund the continued development of eptinezumab, including completion of the ongoing infusion pivotal trial program, the planned submission of a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA), establishment of t
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