Kiniksa Pharmaceuticals Ltd. (KNSA) to Offer $100M in Class A Shares

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Kiniksa Pharmaceuticals, Ltd. Announces Proposed Public Offering

July 20, 2020 4:07 PM EDT

HAMILTON, Bermuda, July 20, 2020 (GLOBE NEWSWIRE) -- Kiniksa Pharmaceuticals, Ltd. (Nasdaq: KNSA) (Kiniksa, we, and our) announced today that it is commencing a public offering of $100.0 million of Class A common shares. In addition, Kiniksa expects to grant the underwriters a 30-day option to purchase up to $15.0 million of additional Class A common shares. All of the Class A common shares are being offered by Kiniksa.

Kiniksa intends to use the net proceeds from the offering to advance the development of its product candidates, to advance commercialization activities and to fund... More