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Asterias closes $9.9mm RDO

Executive Summary

Regenerative medicine company Asterias Biotherapeutics Inc. netted $9.9mm through the registered direct offering of 4mm common shares at $2.60 (a 21% discount). Chardan was the placement agent. The company will use the proceeds to fund continued development of its Phase I/II ASTOPC1 stem cell therapy candidate for spinal cord injury. Asterias also has in its pipeline cell therapy compounds for leukemia (Phase II) and lung cancer (preclinical).
Deal Industry
  • Biotechnology
    • Gene Therapy, Cell Therapy
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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