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Tyra Biosciences raises $400M in stock offering to fund cancer and genetic disease drug development

Company Fundamentals
14 Sep 2026
PRNewsWire
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Bullish
Tyra Biosciences raises $400M in stock offering to fund cancer and genetic disease drug development

Tyra Biosciences announced a $400 million underwritten offering of common stock and pre-funded warrants priced at about $22 per share. The proceeds will support development of their lead drug candidate dabogratinib for cancers and achondroplasia, as well as other preclinical programs and general corporate purposes. The offering is expected to close on September 15, 2026, with participation from major institutional investors. This capital raise aims to advance Tyra's precision medicine pipeline targeting FGFR biology in oncology and genetic conditions.

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