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Cempra nets $94mm via FOPO
29 Oct 2020
Executive Summary
Antibiotics developer Cempra Inc. netted $94mm through a follow-on offering of 4.17mm common shares at $24 each. Some of the proceeds will support the US launch of solithromycin for community-acquired bacterial pneumonia once the drug gets FDA approval. Additional funds will help additional development of solithromycin for gonorrhea, and Taksta for acute bacterial skin and skin structure infections and refractory bone and joint infections.
Deal Industry
- Pharmaceuticals
-
Biotechnology
- Large Molecule
Deal Status
- Final
Deal Type
-
Financing
- FOPO
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Cempra nets $94mm via FOPO
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