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Mereo BioPharma (MREO) traded 1.64% higher premarket after pricing its underwritten public offering of 34.5M ADSs at $2.90/ADS; underwriters granted 30-day option to purchase up to 5.18M additional ADSs.Each ADS represents five ordinary shares of Mereo.Gross proceeds are expected to be $100.1M.Offer expected to close on or about Feb.12.