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Akebia Therapeutics Announces Pricing of Public Offering of Common Stock

AKEBIA THERAPEUTICS (AKBA)  More Company Research Source: Business Wire
Last akebia therapeutics earnings: 5/9 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.akebia.com/investor-relations
PDF CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Akebia Therapeutics, Inc. (Nasdaq:AKBA), a biopharmaceutical company focused on delivering innovative therapies to patients with kidney disease through the biology of hypoxia-inducible factor (HIF), today announced the pricing of an underwritten public offering of 8,500,000 shares of common stock at a price to the public of $10.50 per share. Gross proceeds to Akebia from the offering are expected to be approximately $89 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Akebia. In addition, Akebia has granted the underwriter a 30-day option to purchase up to an additional 1,275,000 shares of common stock in connection with the offering. All shares are being sold by Akebia. The offering is expected to close on Tuesday, March 27, 2018, subject to the satisfaction of customary closing conditions. Morgan Stanley is a [Read more]

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