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Follow-on nets $157.6mm for Ardea Biosciences

Executive Summary

Ardea Biosciences Inc. (working on small-molecule therapeutics for gout, HIV, and cancer) has netted $157.6mm through the follow-on offering of 9.8mm common shares (including the overallotment) at $17 each. Part of the proceeds will support ongoing Phase III trials of the company's lead candidate lesinurad for gout.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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