Inozyme Pharma Inc. (INZY) Prices 12.5M Share Offering at $4.80/sh

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Go back to Inozyme Pharma Inc. (INZY) Prices 12.5M Share Offering at $4.80/sh

Inozyme Pharma, Inc. Announces Pricing of Public Offering of Common Stock

July 27, 2023 11:20 PM EDT

BOSTON, July 27, 2023 (GLOBE NEWSWIRE) -- Inozyme Pharma, Inc. (Nasdaq: INZY), a clinical-stage rare disease biopharmaceutical company developing novel therapeutics for the treatment of pathologic mineralization and intimal proliferation, today announced the pricing of an underwritten public offering of 12,500,000 shares of its common stock at a price of $4.80 per share, for aggregate gross proceeds of approximately $60 million, before deducting underwriting discounts and commissions and other offering expenses. In addition, Inozyme has granted the underwriters an option for a period of 30 days to purchase up to an additional 1,875,000 shares of common stock at the... More