Protara Announces Closing of $100 Million Public Offering
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Protara Therapeutics, Inc. has closed a $100 million public offering, selling 13,690,000 shares at $6.25 each and pre-funded warrants for 2,325,372 shares. The funds will support the development of TARA-002 and other clinical programs.
December 11, 2024 | 9:30 pm
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Protara Therapeutics has successfully raised $100 million through a public offering, which will be used to fund the development of TARA-002 and other clinical programs. This capital infusion could support the company's growth and development efforts.
The successful closing of a $100 million public offering provides Protara with significant capital to advance its clinical programs, including TARA-002. This financial boost is likely to positively impact the company's stock price in the short term as it supports growth and development initiatives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100