Acceleron Pharma (XLRN) Prices 4.864M Share Common Offering at $92.50/Sh

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Go back to Acceleron Pharma (XLRN) Prices 4.864M Share Common Offering at $92.50/Sh

Acceleron Announces Pricing of Public Offering of Common Stock

June 30, 2020 6:48 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 has priced an underwritten public offering of 4,864,864 shares of common stock at a price to the public of $92.50 per share for gross proceeds of $450.0 million. In connection with this offering, Acceleron has granted the underwriters a 30-day option to purchase up to an additional 729,729 shares of common stock.

J.P. Morgan, SVB Leerink and Cowen are acting as joint... More