Kala Pharmaceuticals (KALA) Announces $10.75M Private Placement
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KALA BIO Announces $10,750,000 Private Placement
December 30, 2024 8:00 AM ESTARLINGTON, Mass., Dec. 30, 2024 (GLOBE NEWSWIRE) -- KALA BIO, Inc. (NASDAQ: KALA), a clinical-stage biopharmaceutical company dedicated to the research, development and commercialization of innovative therapies for rare and severe diseases of the eye, today announced that it has entered into a securities purchase agreement with a select group of institutional accredited investors for the sale, in a private placement, of shares of its common stock and shares of its Series I Convertible Non-Redeemable Preferred Stock (the Series I Preferred Stock), for aggregate gross proceeds of approximately $10.75 million, before deducting offering expenses.
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