TESARO (TSRO) Misses Q4 EPS Views; Announces 4.4M Share Private Placement
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February 25, 2016 4:07 PM EST
U.S. commercial launch of VARUBI® (oral rolapitant) well underwayNiraparib Phase 3 NOVA results expected in Q2 2016 are positioned to be the first data from a randomized, prospective Phase 3 trial of a PARP inhibitorNew Drug Application (NDA) submission for niraparib planned for 2H 2016Investigational New Drug (IND) application for TSR-042 cleared by FDAIND submission for TSR-022 (anti-TIM-3 antibody) planned for Q2 2016Cash and cash equivalents totaled $230.1 million as of December 31, 2015Private placement financing will add an additional $155 million upon... More
February 25, 2016 4:05 PM EST
WALTHAM, Mass., Feb. 25, 2016 (GLOBE NEWSWIRE) -- TESARO, Inc. (NASDAQ: TSRO), an oncology-focused biopharmaceutical company, today announced that it has entered into definitive agreements with institutional investors to sell 4.4 million shares of its common stock at $35.19 per share in a private placement, resulting in proceeds of $155 million. The offering price per share of $35.19 is based upon the volume weighted average price of TESAROs common stock for the ten consecutive trading days ending February 22, 2016. Â
Existing investors affiliated with InterWest Partners, Kleiner Perkins Caufield and Byers and New Enterprise Associates,... More
