89bio raises $125M through stock offering to fund clinical trials for liver and cardiometabolic diseases.

Biopharmaceutical company 89bio has announced a $125 million public stock offering to fund its clinical trials for liver and cardiometabolic diseases. The company will issue around 11.5 million shares at $8.50 each, with an option for underwriters to buy an additional 1.7 million shares. The proceeds will support Phase 3 trials for its lead drug candidate treating liver diseases and high triglycerides.

November 13, 2024
4 Articles