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Global Blood nets $136mm through upsized public stock sale

Executive Summary

Global Blood Therapeutics Inc. (developing drugs for blood-based diseases including sickle cell disease (SCD) and idiopathic pulmonary fibrosis) netted $136mm through the public offering of 5.9mm common shares (including the overallotment) at $24.50. (The company had originally hoped to bring in $75mm.) Money will go towards pipeline activities, including work on lead candidate GBT440, in Phase I/II for SCD.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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