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Vical nets $31.7mm through FOPO

Executive Summary

Vical Inc. (DNA delivery technologies) has netted $31.7mm through the follow-on public offering of 15mm common shares at $2.25 each. The financing comes at a time when partner Sanofi announced the failure of Phase III Temusi to produce blood vessel growth in critical limb ischemia patients and another ally, AnGes, pulled the Japanese regulatory filing for Collategene, also for critical limb ischemia.
Deal Industry
  • Biotechnology
    • Gene Therapy, Cell Therapy
    • Large Molecule
  • Pharmaceuticals
    • Drug Delivery
      • Macromolecule
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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