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Stock impact report

Translate Bio Announces $47.5 Million Private Placement

Telesis Bio, Inc. (TBIO) 
Company Research Source: GlobeNewswire
LEXINGTON, Mass., May 01, 2019 (GLOBE NEWSWIRE) -- Translate Bio, Inc. (Nasdaq: TBIO), a clinical-stage messenger RNA (mRNA) therapeutics company developing a new class of potentially transformative medicines to treat diseases caused by protein or gene dysfunction, announced today that it has entered into a securities purchase agreement with several institutional accredited investors for the private placement of 5,582,940 shares of common stock at a purchase price of $8.50 per share, yielding expected gross proceeds of $47.5 million. The private placement is expected to close on or about May 3, 2019, subject to the satisfaction of customary closing conditions. Jefferies and SVB Leerink acted as placement agents to the Company in connection with the private placement. Net proceeds from this private placement are expected to be used to fund the development of MRT5005 for the treatment of patients with cystic fibrosis, to fund the development of MRT5201 for the treatment of patie Show less Read more
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