other material
confidence high
sentiment neutral
materiality 0.75
Edgewise Therapeutics prices $200M common stock offering at $20.13 per share
Edgewise Therapeutics, Inc.
- 9,935,419 shares priced at $20.13; gross proceeds ~$200M before discounts and expenses.
- Closing expected April 3, 2025; anticipated cash runway through 2028 (including existing cash).
- Proceeds to fund sevasemten for Becker/Duchenne MD, EDG-7500 HCM trials, and R&D.
- Participants include Braidwell, Cormorant, Driehaus, Invus, Janus, MPM, OrbiMed, Paradigm, Perceptive, RA Capital, Sofinnova.
- Underwritten by Leerink, Piper Sandler, Guggenheim, and Truist Securities.