Menlo Therapeutics (MNLO) Plans Offering of Common Stock

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Go back to Menlo Therapeutics (MNLO) Plans Offering of Common Stock

Menlo Therapeutics Announces Proposed Offering of Common Stock

June 4, 2020 4:01 PM EDT

BRIDGEWATER, N.J., June 04, 2020 (GLOBE NEWSWIRE) -- Menlo Therapeutics Inc. (Menlo) (Nasdaq: MNLO), a specialty pharmaceutical company focused on developing and commercializing proprietary therapies to address unmet needs in dermatology, today announced that it intends to offer and sell, subject to market conditions, shares of its common stock in an underwritten public offering. All of the common stock to be sold in the offering will be offered by Menlo. In addition, Menlo expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in... More