Kymera to raise $225 million via share offering

21 August 2024

Shares of US clinical-stage biotech Kymera Therapeutics, Inc. (Nasdaq: KYMR) declined 5% to $42.05 after it announced a public offering of $200 million in common stock and pre-funded warrants.

The company also plans to offer the underwriters a 30-day option to purchase an additional $30 million in common stock.

Kymera's offering includes only company-issued shares and warrants. The completion and specifics of the offering are contingent on market conditions and other factors, with no guarantees on the final terms or size.

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