Zosano Announces Closing of Public Offering of Common Stock
Zosano Pharma Corporation (ZSAN)
Last zosano pharma corporation earnings: 11/9 04:05 pm
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US:NASDAQ Investor Relations:
ir.zosanopharma.com
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Source: GlobeNewswire
FREMONT, Calif., April 03, 2018 (GLOBE NEWSWIRE) -- Zosano Pharma Corporation (Nasdaq:ZSAN), a clinical-stage biopharmaceutical company focused on providing rapid systemic administration of therapeutics to patients using its proprietary ADAM technology, today announced the closing of the previously announced public offering of 10,000,000 shares of its common stock at a price of $5.00 per share. The gross proceeds to Zosano from this offering are approximately $50.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Zosano. Zosano intends to use the net proceeds of the proposed offering to complete the long-term safety study of its lead product candidate, M207, and for working capital and general corporate purposes. “The completion of this financing allows Zosano to continue executing on the timely filing of our NDA for M207, which is anticipated in the fourth quarter of 2019. Our long-term safety study has been enrolling we
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