Merus (NASDAQ: MRUS), focused on the development of innovative, full-length multispecific antibodies, has closed an underwritten public offering of 5,575,757 shares of common stock, including an additional 727,272 shares per the full exercise of the over-allotment option granted to the underwriters. Merus secured approximately $138 million in gross proceeds, with each of the shares sold at the public offering price of $24.75. The company intends to use the proceeds to advance clinical development of its product candidates, for preclinical research and technology development, as well as for working capital and general corporate purposes. ROTH Capital Partners acted as co-manager for the offering.
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About Merus N.V.
Merus is a clinical-stage oncology company developing innovative full-length human bispecific and trispecific antibody therapeutics, referred to as Multiclonics(R). Multiclonics(R) are manufactured using industry standard processes and have been observed in preclinical and clinical studies to have several of the same features of conventional human monoclonal antibodies, such as long half-life and low immunogenicity. For more information, please visit www.Merus.nl.
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