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Stock impact report

Proteostasis Therapeutics Announces Completion of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

PROTEOSTASIS THERAPEUTICS (PTI) 
Last proteostasis therapeutics earnings: 3/10 04:36 pm Check Earnings Report
US:NYSE Investor Relations: ir.proteostasis.com/investor-overview
Company Research Source: GlobeNewswire
CAMBRIDGE, Mass., Dec. 21, 2017 (GLOBE NEWSWIRE) -- Proteostasis Therapeutics, Inc. (Nasdaq:PTI), a clinical stage biopharmaceutical company dedicated to the discovery and development of groundbreaking therapies to treat cystic fibrosis (CF) and other diseases caused by dysfunctional protein processing, announced today the closing of an underwritten public offering of 9,200,000 shares of its common stock, which included 1,200,000 shares that were issued pursuant to the full exercise of the underwriters’ option to purchase additional shares, at a public offering price of $5.00 per share.  Net proceeds from this offering were approximately $42.9 million, after deducting underwriting discounts and commissions and estimated offering expenses. Proteostasis intends to use the net proceeds from this offering to advance its double and triple combination therapies in dose-range-finding and proof-of-concept studies, to advance each of its double and triple combination therapies in Phase 1 cli Show less Read more
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