Aimmune Therapeutics (NASDAQ: AIMT), a biopharmaceutical company developing treatments for potentially life-threatening food allergies, recently closed its underwritten public offering of 6,325,000 shares of its common stock, which includes the sale of 825,000 shares in accordance with the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a price to the public of $32.00 per share, resulting in the gross proceeds of $202.4 million for the company. Aimmune intends to use the proceeds to fund the advancement of AR101 through clinical development, potential application filings and preparation for budding commercialization. The company also intends to utilize the capital to fund the research and development of additional CODIT™ product candidates and other general corporate purposes.
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About Aimmune Therapeutics
Aimmune Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing treatments for potentially life-threatening food allergies. The company’s Characterized Oral Desensitization ImmunoTherapy (CODIT™) approach is intended to achieve meaningful levels of protection by desensitizing patients with defined, precise amounts of key allergens. Aimmune’s first investigational biologic product using CODIT, AR101 for the treatment of peanut allergy, has received the FDA’s Breakthrough Therapy Designation for the desensitization of peanut-allergic patients 4–17 years of age and is currently being evaluated in phase 3 clinical trials. For more information, visit the company’s website at www.aimmune.com.
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