Sierra Oncology Announces Closing of $103 Million Public Offering and Changes to its Board of Directors
Sierra Oncology, Inc. (SRRA)
Last sierra oncology, inc. earnings: 3/3 07:00 am
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Source: PR Newswire
VANCOUVER, Nov. 26, 2019 /PRNewswire/ - Sierra Oncology, Inc. (Nasdaq: SRRA), a late-stage drug development company focused on the development and commercialization of momelotinib, a JAK1, JAK2 & ACVR1 inhibitor with a potentially differentiated therapeutic profile for the treatment of myelofibrosis, today announced that it has closed its previously announced underwritten public offering, with gross proceeds to Sierra Oncology of $103 million.Following the closing of this offering, Mr. Robert Pelzer, who has served as a member of the company's Board of Directors since May 2015, has been appointed as the Chairman of the Board of Directors. Sierra Oncology has also appointed Dr. Gaurav Aggarwal, Dr. Josh Richardson, Dr. Mona Ashiya and Dr. Andrew Sinclair to the Board of Directors, each of whom are affiliated with investors in the offering. In addition, Mr. Donald Parfet, Dr. Daniel Estes, Dr. Nicole Onetto and Mr. Tran Nguyen have resigned from the Board of Directors. The foregoing app
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