Sutro Biopharma Announces Pricing of $110.0 million Underwritten Offering
Sutro Biopharma, Inc. (STRO)
Last sutro biopharma, inc. earnings: 11/8 07:00 am
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Source: GlobeNewswire
SOUTH SAN FRANCISCO, Calif., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Sutro Biopharma, Inc. (Sutro or the Company) (Nasdaq: STRO), a clinical-stage oncology company pioneering site-specific and novel-format antibody drug conjugates (ADCs), today announced the pricing of an underwritten offering of 7,868,383 shares of its common stock at a price of $13.98 per share. The gross proceeds from this offering are expected to be approximately $110.0 million, before deducting underwriting discounts and commissions and other offering expenses payable by Sutro. All of the shares of common stock are being offered by Sutro. The offering is expected to close on or about February 11, 2026, subject to the satisfaction of customary closing conditions. The offering includes participation from new and existing investors, including BVF Partners L.P., Samsara BioCapital, Coastlands Capital, Eventide Asset Management, Perceptive Advisors, RA Capital Management, ADAR1 Capital Management, Affinity Asset Advisors
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News
- Sutro Biopharma (STRO) was upgraded by Truist Financial Corporation to "strong-buy".MarketBeat
- Sutro Biopharma (STRO) had its price target raised by Deutsche Bank Aktiengesellschaft from $51.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Sutro Biopharma (STRO) was upgraded by Wells Fargo & Company from "equal weight" to "overweight". They now have a $27.00 price target on the stock, up from $8.00.MarketBeat
- Sutro Biopharma (STRO) was upgraded by HC Wainwright from "neutral" to "buy". They now have a $28.00 price target on the stock, up from $10.00.MarketBeat
- Sutro Biopharma Reports Full Year 2025 Financial Results and Business Highlights [Yahoo! Finance]Yahoo! Finance
STRO
Earnings
- 5/8/25 - Miss
STRO
Sec Filings
- 3/23/26 - Form S-3
- 3/23/26 - Form S-8
- 3/23/26 - Form 10-K
- STRO's page on the SEC website