/zigman2/quotes/203971249/composite REPL +3.26%
Nov 22, 2019 (NetworkNewsWire via COMTEX) -- Replimune Group /zigman2/quotes/203971249/composite REPL +3.26% , a biotechnology company developing oncolytic immuno-gene therapies derived from its Immulytic(TM) platform, has closed an underwritten public offering of 3,678,031 shares of its common stock at a public offering price of $13.61 per share. According to the update, Replimune also, in addition, and in lieu of common stock, closed a public offering of pre-funded warrants to purchase 2,200,000 shares of its common stock at a purchase price of $13.6099 per pre-funded warrant, which equals the public offering price per share of the common stock less the $0.0001 per share exercise price of each pre-funded warrant. Replimune Group secured approximately $80 million in gross proceeds from the offering. Replimune has granted the underwriters a 30-day option to purchase up to an additional 881,704 shares of its common stock at the public offering price. ROTH Capital Partners acted as co-manager for the offering.
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About Replimune Group, Inc.
Replimune Group, Inc., headquartered in Woburn, MA, was founded in 2015 to develop the next generation of oncolytic immune-gene therapies for the treatment of cancer. Replimune is developing novel, proprietary therapeutics intended to improve the direct cancer-killing effects of selective virus replication and the potency of the immune response to the tumor antigens released. Replimune's Immulytic(TM) platform is designed to maximize systemic immune activation, in particular to tumor neoantigens, through robust viral-mediated immunogenic tumor cell killing and the delivery of optimal combinations of immune-activating proteins to the tumor and draining lymph nodes. For more information, please visit www.Replimune.com .
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