NetworkNewsBreaks – Albireo Pharma, Inc. (NASDAQ: ALBO) Closes $74.8M Public Offering

Company: Albireo Pharma, Inc. (ALBO)
Category: News

Albireo Pharma (NASDAQ: ALBO), a biopharmaceutical company focused on development of treatments for orphan pediatric liver diseases and other diseases and disorders, completed its underwritten public offering of 1,970,000 common stock shares at a public price of $33.00 per share. The underwriters have also exercised an option for the purchase of an additional 295,500 common stock shares at the public offering price, less the underwriting discounts and commissions. Albireo sold all of the offering shares and grossed proceeds of approximately $74.8 million while netting proceeds of approximately $69.9 million.

To view the full press release, visit http://nnw.fm/WPZ7t

About Albireo

Albireo Pharma is a clinical-stage biopharmaceutical company focused through its operating subsidiary on the development of novel bile acid modulators to treat orphan pediatric liver diseases and other liver and gastrointestinal diseases and disorders. Albireo’s clinical pipeline includes a Phase 3 product candidate for the treatment of patients with the orphan pediatric liver disease known as progressive familial intrahepatic cholestasis, as well as a Phase 2 product candidate. In addition, Albireo’s elobixibat, approved in Japan for the treatment of chronic constipation, is the first IBAT inhibitor approved anywhere in the world. Albireo was spun out from AstraZeneca in 2008. Albireo Pharma is located in Boston, Massachusetts, and its key operating subsidiary is located in Gothenburg, Sweden. For more information visit www.AlbireoPharma.com.

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