Taysha Gene Therapies Prices Public Offering

Taysha Gene Therapies, a clinical-stage biotechnology company, has announced the pricing of a public offering of its common stock and pre-funded warrants. The offering consists of 14,361,113 shares of common stock at a price of $2.25 per share and pre-funded warrants to purchase 18,972,221 shares of common stock at an offering price of $2.249 per warrant.

The gross proceeds from the offering to Taysha are expected to be approximately $75 million. This marks a significant increase from the previous period, indicating a strong investor interest in the company's offerings.

The offering is expected to close on or about June 27, 2024, and the company has granted the underwriters a 30-day option to purchase up to an additional 15% of the shares offered in the public offering at the same price, potentially increasing the total proceeds.

Jefferies and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering, further underlining the company's commitment to a successful market offering.

Taysha Gene Therapies is focused on advancing adeno-associated virus (AAV)-based gene therapies for severe monogenic diseases of the central nervous system. The company's lead clinical program, TSHA-102, is in development for rett syndrome, a rare neurodevelopmental disorder with no approved disease-modifying therapies.

With a singular focus on developing transformative medicines, Taysha aims to address severe unmet medical needs and improve the lives of patients and their caregivers. The company's proven experience in gene therapy development and commercialization, along with its utilization of a clinically and commercially proven AAV9 capsid, positions it to rapidly translate treatments from bench to bedside. The market has reacted to these announcements by moving the company's shares 5.6% to a price of $2.15. For the full picture, make sure to review Taysha Gene Therapies's 8-K report.

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