Acceleron Pharma (XLRN) to Offer $400M in Common Stock

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Go back to Acceleron Pharma (XLRN) to Offer $400M in Common Stock

Acceleron Announces Proposed Public Offering of Common Stock

June 29, 2020 4:01 PM EDT

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Acceleron Pharma Inc. (Nasdaq: XLRN), a leading biopharmaceutical company in the discovery, development and commercialization of TGF-beta superfamily therapeutics to treat serious and rare diseases, today announced that it intends to offer and sell, subject to market and other conditions, $400 million of its common stock in an underwritten public offering. As part of this offering, Acceleron intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering. All of the... More