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Crescent Biopharma prices $125M public offering of shares and pre-funded warrants

Company Fundamentals
15 Jul 2026
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Neutral
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Crescent Biopharma announced the pricing of its public offering of 8.09 million ordinary shares and pre-funded warrants for 525,897 shares at about $14.50 each, aiming to raise approximately $125 million before expenses. The offering includes a 30-day option for underwriters to buy an additional 1.29 million shares. Proceeds will support Crescent's clinical-stage oncology programs, including its PD-1 x VEGF bispecific antibody and antibody-drug conjugates. The offering is expected to close on July 16, 2026, pending customary conditions.

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