Liquidia Announces Raise Of $67.5M From New Common Stock Financings From The Sale Of 6,460,674 Shares Of Common Stock At A Price Of $8.90 Per Share; And $32.5M Advance From HealthCare Royalty Under Current Financing Agreement
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Liquidia Corporation (NASDAQ:LQDA) has announced a $67.5 million raise through a public offering and private placement of common stock, alongside a $32.5 million advance from HealthCare Royalty. The funds will support the development of YUTREPIA and other projects.
September 11, 2024 | 12:29 pm
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Liquidia Corporation has raised $67.5 million through stock offerings and secured an additional $32.5 million from HealthCare Royalty. The funds will be used for the development of YUTREPIA and other projects.
The successful capital raise and additional funding from HealthCare Royalty provide Liquidia with significant resources to advance its product development, particularly YUTREPIA. This financial boost is likely to positively impact the company's stock price in the short term as it strengthens its financial position and supports its growth initiatives.
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