Five Prime Announces Proposed Public Offering of Common Stock
FIVE PRIME THERAPEUTICS (FPRX)
Last five prime therapeutics earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.fiveprime.com/investor-relations
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Source: GlobeNewswire
SOUTH SAN FRANCISCO, Calif., Jan. 23, 2018 (GLOBE NEWSWIRE) -- Five Prime Therapeutics, Inc. (Nasdaq:FPRX), a clinical-stage biotechnology company focused on discovering and developing innovative immuno-oncology protein therapeutics, announced today that it plans to offer and sell, subject to market and other conditions, $75,000,000 of shares of its common stock in an underwritten public offering. In connection with the offering, Five Prime intends to grant the underwriters in the offering a 30-day option to purchase up to an additional 15% of these shares of common stock offered in the public offering. Five Prime plans to use the net proceeds of the offering, together with other available funds, (i) to advance and expand the clinical development of Five Prime’s bemarituzumab (FPA144) program, including to fund Five Prime’s portion of the Phase 1/3 FIGHT trial outside of greater China, (ii) to advance clinical development of Five Prime’s cabiralizumab (FPA008) program in PVNS, (i
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