Mineralys Therapeutics (MLYS) Enters $120M Private Placement Financing at $13.50/sh
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Mineralys Therapeutics Announces $120 Million Private Placement Financing
February 8, 2024 8:00 AM ESTRADNOR, Pa., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Mineralys Therapeutics, Inc. (Nasdaq: MLYS), a clinical-stage biopharmaceutical company focused on developing medicines to target hypertension, chronic kidney disease (CKD) and other diseases driven by abnormally elevated aldosterone, today announced that it has entered into a securities purchase agreement with institutional accredited investors to sell securities in a private placement financing (the PIPE) for gross proceeds of approximately $120 million, before deducting estimated fees and expenses.
The financing was led by new investor TCGX and existing investor RA Capital Management, with participation from new investors OrbiMed and Venrock... More
