Ovid Therapeutics prices $60 million private placement

19 March 2026

New York, USA-based Ovid Therapeutics (Nasdaq: OVID) closed up 14.4% at $2.30 yesterday, after it announced that it has entered into a securities purchase agreement for a private investment in public equity (PIPE) financing that is expected to result in gross proceeds of $60.0 million to the company, before placement agent fees and offering expenses.

The biopharmaceutical company developing small molecule medicines for brain disorders with significant unmet need,

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