Brief: Spyre Therapeutics Announces $180 Million Private Placement

Spyre Therapeutics

18/03/2024 13:28

March 18 (Reuters) - Spyre Therapeutics Inc  SYRE.O :
    * SPYRE THERAPEUTICS ANNOUNCES $180 MILLION PRIVATE
PLACEMENT
    * SPYRE THERAPEUTICS INC - EXPECTS THAT NET PROCEEDS WILL
EXTEND
ITS CASH RUNWAY TO FUND ITS OPERATING PLAN WELL INTO 2027
    * SPYRE THERAPEUTICS -  PIPE FINANCING INCLUDED
PARTICIPATION FROM
ADAGE CAPITAL PARTNERS LP, AVIDITY PARTNERS, BOXER CAPITAL,
DARWIN GLOBAL MANAGEMENT
    * SPYRE THERAPEUTICS: INTENDS TO USE NET PROCEEDS FROM PIPE
FINANCING,EXISTING CASH,CASH EQUIVALENTS & MARKETABLE
SECURITIES, TO FUND PIPELINE PROGRAMS
    * SPYRE THERAPEUTICS-PIPE FINANCING INCLUDED PARTICIPATION
FROM
DEEP TRACK CAPITAL, FUNDS AFFILIATED WITH FARALLON CAPITAL
MANAGEMENT LLC. LOGOS CAPITAL

Source text for Eikon:  ID:nPn4741tfa 
Further company coverage:  SYRE.O