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Eiger nets $20mm via follow-on

Executive Summary

Eiger BioPharmaceuticals Inc. netted $20mm through the follow-on public offering of 2.1mm common shares (including full exercise of the overallotment) at $10 each. The company will use some of the funds for ongoing development of its four candidates, all of which are in Phase II--ubenimex for lymphedema and hypertension (licensed from Nippon Kayaku), exendin 9-39 for hypoglycemia, pegylated interferon lambda for hepatitis delta virus (from BMS), and Sarasar (lonafarnib) for HDV (from Merck).
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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