Synageva BioPharma Corp. (Synageva) (NASDAQ:GEVA), a biopharmaceutical company developing therapeutic products for rare disorders, today announced that it intends to offer for sale 2.00 million shares of its common stock in an underwritten public offering. In connection with this offering, Synageva expects to grant to the underwriters a 30-day option to purchase up to an additional 300,000 shares of its common stock. If the underwriters exercise this option, Synageva will have offered 2.30 million shares of its common stock. Goldman, Sachs & Co., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are serving as book-running managers for the offering. - updated 3/5 - Synageva BioPharma Corp. ("Synageva") (NASDAQ:GEVA), a biopharmaceutical company developing therapeutic products for rare disorders, today announced the pricing of its previously announced underwritten public offering of common stock consisting of 2.0 million shares at $105.75 per share. In connection with this offering, Synageva granted to the underwriters a 30-day option to purchase 300,000 additional shares of common stock. If the underwriters exercise this option, Synageva will have offered 2.30 million shares of its common stock.
Synageva BioPharma is a clinical stage biopharmaceutical company focused on the discovery, development, and commercialization of therapeutic products. Its lead program, sebelipase alfa, is a recombinant human lysosomal acid lipase (LAL) under clinical investigation for the treatment of patients with early onset and late onset LAL Deficiency. In addition to sebelipase alfa, Co. is investigating protein therapeutic programs for other diseases, which are at different stages of preclinical development. These include two enzyme replacement therapies for other lysosomal storage disorders and additional programs for other life-threatening conditions.
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