Constellation Pharmaceuticals Announces $65 Million Private Placement with New and Existing Investors
Constellation Pharmaceuticals, Inc (CNST)
Last constellation pharmaceuticals, inc earnings: 3/10 04:12 pm
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Source: GlobeNewswire
CAMBRIDGE, Mass., Oct. 01, 2019 (GLOBE NEWSWIRE) -- Constellation Pharmaceuticals, Inc. (Nasdaq: CNST), a clinical-stage biopharmaceutical company using its expertise in epigenetics to discover and develop novel therapeutics, today announced that it has entered into a securities purchase agreement with a group of institutional investors for the private placement of $65 million of shares of its common stock. The transaction is expected to close on or about October 3, 2019, subject to the satisfaction of customary closing conditions. The private placement is being led by Venrock Healthcare Capital Partners and includes Bain Capital Life Sciences and affiliates of The Column Group. In this private placement, the Company is selling 7,647,057 shares of common stock at a price of $8.50 per share. The Company expects to use net proceeds from the private placement to fund research and development expenses, including the clinical development of CPI-0610, CPI-1205 and CPI-0209, to advance th
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