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Akebia Therapeutics Announces Proposed Public Offering of Common Stock

AKEBIA THERAPEUTICS (AKBA)  More Company Research Source: Business Wire
Last akebia therapeutics earnings: 11/8 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 that it intends to offer and sell approximately $85 million of shares of its common stock in an underwritten public offering. All shares being offered are to be sold by Akebia. As part of the offering, Akebia intends to grant the underwriter a 30-day option to purchase up to approximately $12.75 million of additional shares of its common stock. Morgan Stanley is acting as sole book-running manager for the offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Akebia intends to use the net proceeds from the offerin [Read more]

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