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Satsuma Pharmaceuticals ([[STSA]] +13.0%) agrees to sell 14,084,507 shares of its common stock to certain institutional investors in a private investment in public equity (‘PIPE’) financing.Gross proceeds from the PIPE to be ~$80M, based on the offering price of $5.68/share.Financing was led by Commodore Capital and New Enterprise Associates, L.P. with participation from new and existing investors.Closing to occur on March 3, 2021.