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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., May. 27, 5:45 PM

Slide #11. Agenus Secondary Offering

Company: Agenus (NASDAQ:AGEN)
Date announced: 5/20/2015
Shares Offered: 11,000,000
Date of Pricing: 5/21/2015
Price Per Share: $6.30
Secondary Offering Details: Agenus Inc. (NASDAQ:AGEN), an immunotherapy company developing immune-oncology checkpoint modulators (CPMs), heat shock protein peptide-based vaccines and immune adjuvants, today announced that it intends to offer and sell, subject to market conditions, shares of its common stock in an underwritten public offering. Agenus intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the shares of its common stock offered in the public offering. All of the shares of common stock to be sold in the offering will be offered by Agenus. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. - updated 5/21 - Agenus Inc. (NASDAQ:AGEN), an immunology company developing innovative treatments for cancers and other diseases, today announced the pricing of an underwritten public offering of 11,000,000 shares of its common stock at a price to the public of $6.30 per share. The gross proceeds from the offering to Agenus are expected to be $69,300,000, before deducting underwriting discounts and commissions and estimated offering expenses payable by Agenus. Agenus has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock at the public offering price, less the underwriting discount. All of the shares of common stock to be sold in the offering will be sold by Agenus.

Agenus is a biopharmaceutical company developing a portfolio of immuno-oncology candidates, including checkpoint modulators, heat shock protein vaccines and adjuvants. Co. is focused on immunotherapeutic products based on its core platform technologies with multiple product candidates advancing through the clinic, including several product candidates that have advanced into late-stage clinical trials through corporate partners. Co.'s core technology portfolio consists of its Checkpoint Antibody Program, its Heat Shock Protein Platform, and its Saponin Platform.
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Company Name:  Agenus Inc
Website:  www.agenusbio.com
Sector:  Biotechnology
Number of ETFs Holding AGEN:  13
Total Market Value Held by ETFs:  $11.98M
Total Market Capitalization:  $501.00M
% of Market Cap. Held by ETFs:  2.39%
 

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May 27, 2015    5:45 PM Eastern
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Strong Buy (4.00 out of 4)
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