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Keryx Biopharmaceuticals nets $65.7mm through FOPO

Executive Summary

Renal therapeutics developer Keryx Biopharmaceuticals Inc. has netted $65.7mm through the follow-on public offering of 8.2mm common shares at $8.49. The company will use the money to build up its pre-launch/launch inventory and future commercialization of Phase III Zenerex, an oral ferric iron-based therapy which binds to phosphate in the GI tract to treat end-stage renal disease patients experiencing hyperphosphatemia.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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