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Clementia nets $75.9mm via FOPO

Executive Summary

Clementia Pharmaceuticals Inc. netted $75.9mm through the follow-on public offering of 6.1mm common shares (including full exercise of the overallotment) at $13.25 each. The company will use the funds for clinical trials of palovarotene including the Phase III trial in fibrodysplasia ossificans progressiva (FOP), Phase II in multiple osteochondromas, and Phase I in dry eye disease; to prepare for the NDA filing of palovarotene for FOP in H2 2019; and for commercialization activities for palovarotene.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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