Gossamer Bio Announces Up to $250 Million Structured Private Placement, Including $150 Million of Committed Capital, to Fund Seralutinib Through Potential FDA Approval
Gossamer Bio announced a structured private placement of up to $250 million, including $150 million of committed capital, through a securities purchase agreement with new and existing institutional investors. The company stated the funds are intended to support seralutinib through potential FDA approval for pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease.
Why it matters — A Gossamer Bio watcher would care because this financing provides committed capital to fund development of seralutinib, its lead product candidate, through a potential FDA approval milestone.