2023-06-20 07:04:01 ET
- Pharvaris ( NASDAQ: PHVS ) has entered into a private placement offering relating to the offer and sale of an aggregate of 6,951,340 ordinary shares to a group of institutional investors at $10.07 per share, for gross proceeds of approximately $70 million.
- Closing date is June 21.
- The net proceeds from the offering will be used to fund research and development and product discovery expenses, and for working capital and general corporate purposes.
- Source: Press Release
For further details see:
Pharvaris announces $70M private placement financing