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Principia nets $197.4mm through public offering

Executive Summary

Principia Biopharma Inc. (treatments for immune mediated diseases) netted $197.4mm through a public offering of 7.5mm common shares at $28. The company is using its Tailored Covalency technology to design therapies that have the potency, selectivity, and safety of injectable drugs but are in pill form. Offering proceeds will support pipeline development, working capital, and corporate needs.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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