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Albireo nets $48.7mm in public stock sale

Executive Summary

Albireo Pharma Inc. (primarily develops liver disease treatments; also has GI projects) netted $48.7mm through a public offering of 2.5mm common shares (including the overallotment) at $20.50. Proceeds are earmarked for Phase III trials of A4250 for progressive familial intrahepatic cholestasis (PFIC); initiation of a trial with A4250 for pediatric cholestatic liver diseases; Phase II study with A3384 for bile acid malabsorption (BAM); and to advance preclinical NASH programs into clinical trials.

Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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