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Trevi Therapeutics prices $150M stock offering to fund chronic cough drug development

Company Fundamentals
17 Apr 2026
Na
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Neutral
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Trevi Therapeutics announced a $150 million underwritten public offering of 11.6 million common shares priced at $13 each. The proceeds will support the development of Haduvio™, an investigational oral therapy targeting chronic cough in patients with idiopathic pulmonary fibrosis and other lung diseases. The offering includes a 30-day option for underwriters to purchase an additional 1.74 million shares. The deal is expected to close around April 20, 2026, subject to customary conditions, and aims to advance Trevi's clinical-stage biopharmaceutical programs.

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