Merus N.V. (NASDAQ: MRUS), a clinical-stage bispecific antibody company developing Biclonics(R), has closed an underwritten public offering of 5,462,500 of its common shares, which includes 712,500 additional shares per the full exercise of the over-allotment option granted to the underwriters. Merus N.V. secured approximately $79.2 million in gross proceeds from the offering, with each of the shares sold at the public offering price of $14.50. The company intends to use the proceeds to advance clinical development of its product candidates, preclinical research and technology development, as well as for working capital and other 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 immuno-oncology company developing innovative full-length human bispecific antibody therapeutics, referred to as Biclonics(R). Biclonics, which are based on the full-length IgG format, 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 https://Merus.nl.
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