Aerie Pharmaceuticals Announces Public Offering of Common Stock
Source: Aerie Pharmaceuticals
Aerie Pharmaceuticals announced that it has commenced a registered underwritten public offering of $50 million of shares of its common stock.
Cantor Fitzgerald & Co. is acting as the sole bookrunner for the offering.
Aerie intends to use the net proceeds of the offering for general corporate purposes, including to fund expansion of its commercialization programs in North America for both Rhopressa and Roclatan, its potential preclinical and clinical activities for pipeline therapy and delivery technology opportunities, its clinical and commercialization efforts beyond North America, and its manufacturing activities, including the construction of its manufacturing plant and the addition of secondary contract manufacturers, for working capital and potentially for the expansion of its external business development programs.
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