Argenx raised over $300 million in their US public offering

September 21, 2018 News BioVox

18 September 2018 – Read the press release here.

Argenx is a Belgian clinical-stage biotechnology company, developing differentiated antibody-based therapies for the treatment of severe autoimmune diseases and cancer. This week they announced the pricing of an underwritten public offering in the United States and an offering in Europe only to qualified investors, with anticipated gross proceeds totalling approximately $300.6 million from the sale of 3,475,000 American Depositary Shares at a price to the public of $86.50 per ADS.

The public offering comes shortly after the company announced positive Phase II results for its lead autoimmune drug candidate, efgartigimod. Argenx now plans to progress efgartigimod, an antibody fragment inspired by llama antibodies, to Phase III trials for treatment of the autoimmune blood disease primary immune thrombocytopenia (ITP).

Avatar photo

With a local focus and global reach, the news platform BioVox shares insights into the Benelux life sciences ecosystem with readers across the world. BioVox is an independent publisher, providing its community with quality content and first-row access to interesting breakthroughs and trends in biotech, medtech, agtech, pharma, and more. We shine a spotlight on the latest news and innovations from both our partners and community.

All posts

Subscribe to the BioVox newsletter