KalVista Pharmaceuticals (NASDAQ: KALV), a clinical-stage pharmaceutical company focused on the discovery, development, and commercialization of small molecule protease inhibitors, announced that it has closed on upsized underwritten public offering. The offering consisted of 6,181,250 shares of its common stock; an additional 806,250 shares were included in the offering, which were sold in accordance with the full exercise of the over-allotment option granted to underwriters. The shares were sold for $36 per share, with the offering ultimately resulting in an estimated $222.5 million in gross proceeds for KalVista. According to the announcement, Roth Capital Partners acted as co-manager for the offering.
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About KalVista Pharmaceuticals Inc.
KalVista Pharmaceuticals is a pharmaceutical company focused on the discovery, development, and commercialization of small molecule protease inhibitors for diseases with significant unmet need. KalVista has developed a proprietary portfolio of novel, small molecule plasma kallikrein inhibitors initially targeting hereditary angioedema (“HAE”) and diabetic macular edema (“DME”). KalVista is developing KVD900 (“KVD900”) as an oral on-demand therapy for acute HAE attacks, which completed a phase 2 efficacy trial in February 2021, demonstrating statistical and clinical significance across all endpoints. KVD824 is in development for prophylactic treatment of HAE with an expected IND filing for a Phase 2 clinical trial in the first quarter of 2021. In addition, KalVista’s oral Factor XIIa inhibitor program represents a new generation of therapies that may further improve the treatment of HAE for patients. In DME, an intravitreally administered plasma kallikrein inhibitor, called KVD001 (KVD001”), has completed a phase 2 clinical trial. For more information, please visit www://ir.KalVista.com
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