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Homology Medicines Announces Proposed Public Offering of Common Stock

Homology Medicines, Inc. (FIXX) 
Last homology medicines, inc. earnings: 3/12 04:10 pm Check Earnings Report
Company Research Source: GlobeNewswire
BEDFORD, Mass., April 08, 2019 (GLOBE NEWSWIRE) -- Homology Medicines, Inc. (Nasdaq: FIXX), a genetic medicines company, today announced that it intends to offer and sell, subject to market and other conditions, $125.0 million of its common stock in an underwritten public offering. Homology expects to grant the underwriters a 30-day option to purchase up to an additional $18.75 million of its common stock. 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. All of the shares in the proposed offering are to be sold by Homology. BofA Merrill Lynch and Cowen are acting as joint book-running managers for the offering. BTIG is acting as the lead manager for the offering. H.C. Wainwright is acting as co-manager. Homology intends to use the net proceeds from the offering, in addition to its existing cash resources, to advance its lead gene therapy candidate, HMI-102, for the treatment of phenylketonuria (PKU) i Show less Read more
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