Fate Therapeutics (FATE) Enters $57M Private Placement
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Fate Therapeutics Announces Private Financing
November 22, 2016 8:00 AM ESTSAN DIEGO, Nov. 22, 2016 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a biopharmaceutical company dedicated to the development of programmed cellular immunotherapies for cancer and immune disorders, today announced that it has entered into a definitive securities purchase agreement with certain institutional and other accredited investors. The private placement is being led by Redmile Group LLC with participation from BVF Partners L.P., EcoR1 Capital LLC and Franklin Advisers, Inc. as well as certain individual investors including members of the Companys Board of Directors. Gross proceeds from the private placement are expected to... More
