Agenus announces up to $340M funding to advance registrational ROBBIN trial
US immune-oncology drug developer Agenus’ (Nasdaq: AGEN) stock surged more than 125% to $7.57 in morning trading on Monday, after it announced a securities purchase agreement for a private placement of approximately $85 million in upfront gross proceeds, before the deduction of private placement expenses, and up to an additional $255 million upon the full exercise of purchase warrants.
The financing was led by Commodore Capital, with participation from RA Capital Management, TCGX, Invus, and Ligand Pharmaceuticals.
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