HOOKIPA Pharma Announces $21.25 Million Equity Investment from Gilead Sciences
Retrieved on:
Giovedì, Dicembre 21, 2023
In addition, HOOKIPA has the right, subject to certain terms and conditions, to sell an additional approximately $8.75 million of common stock to Gilead as pro-rata participation in potential future equity raises.
Key Points:
- In addition, HOOKIPA has the right, subject to certain terms and conditions, to sell an additional approximately $8.75 million of common stock to Gilead as pro-rata participation in potential future equity raises.
- The agreement with Gilead replaces the stock purchase agreement that Hookipa entered into with Gilead in 2022.
- Following the completion of the stock purchase, Gilead’s ownership in HOOKIPA increased to 18,759,465 shares, or approximately 19.4% of HOOKIPA’s outstanding shares of Common Stock.
- HB-500 is one of two separate development programs in HOOKIPA’s collaboration and license agreement with Gilead.