Apellis Pharmaceuticals, Inc. - APLS STOCK NEWS

Apellis Pharmaceuticals (Nasdaq: APLS) announced on March 6, 2023, the approval of equity awards for six new employees, granted on March 1, 2023. The awards, consisting of 19,495 restricted stock units (RSUs), are part of the 2022 Inducement Stock Incentive Plan and were essential for the employees’ acceptance of their positions. Each RSU will vest in increments of 25% annually, contingent on continuous employment. This move aligns with Nasdaq Listing Rule 5635(c)(4) and showcases Apellis’ commitment to attracting talent for advancing its work in complement medicine.

Apellis Pharmaceuticals, a leader in complement medicine, announced its participation in two upcoming March investor conferences:

• Cowen 43rd Annual Healthcare Conference: Fireside chat on March 8, 2023, at 9:10 a.m. ET.
• Oppenheimer’s 33rd Annual Healthcare Conference: Virtual fireside chat on March 13, 2023, at 3:20 p.m. ET.

Both events will have live webcasts available on the company’s website, with replays accessible for 90 days. Apellis focuses on innovative therapies aimed at complex diseases, boasting two approved medications for targeting complement C3. For more details, visit apellis.com.

Apellis Pharmaceuticals, Inc. (Nasdaq: APLS) has completed its underwritten public offering, raising approximately $402.5 million through the sale of 4,007,936 shares of common stock priced at $63.00 per share, along with pre-funded warrants for 2,380,956 shares. The offering includes an additional 833,333 shares due to underwriters' full exercise of their option. The funds will support Apellis' commitment to developing innovative therapies. J.P. Morgan, Goldman Sachs, and Evercore served as joint book-running managers for the offering, which was facilitated under an automatically effective shelf registration statement.

Apellis Pharmaceuticals (Nasdaq: APLS) announced the pricing of its public offering of 3,174,603 shares of common stock at $63.00 per share, and 2,380,956 pre-funded warrants at $62.9999 each, totaling approximately $350 million gross proceeds before deductions. The offering is set to close on February 27, 2023, pending customary conditions. J.P. Morgan, Goldman Sachs, and Evercore are the joint book-running managers. The securities are offered under an automatically effective shelf registration statement filed with the SEC. This move aims to bolster Apellis's ability to develop innovative therapies targeting serious diseases.

Apellis Pharmaceuticals has initiated an underwritten public offering of $300 million in its common stock, with the possibility of a 15% over-allotment option for underwriters. The offering is managed by J.P. Morgan, Goldman Sachs, and Evercore, and will occur under an automatically effective shelf registration filed with the SEC on February 22, 2023. The final terms will be disclosed in a prospectus supplement. Apellis, recognized for its advancements in complement medicine, aims to leverage the funds for its ongoing development of therapies targeting critical diseases.

Apellis Pharmaceuticals announced its fourth quarter and full year 2022 financial results, highlighting the FDA approval of SYFOVRE as the first treatment for geographic atrophy due to age-related macular degeneration. The company generated $65.1 million in EMPAVELI U.S. net product revenues for 2022. R&D expenses decreased to $387.2 million, attributed to completed trials and collaborations. However, general and administrative expenses rose to $277.2 million. Apellis reported a net loss of $652.2 million for 2022. The company anticipates launching SYFOVRE in the U.S. by March 2023 and continues to pursue further approvals internationally.

Apellis Pharmaceuticals has announced FDA approval for SYFOVRE™ (pegcetacoplan injection), the first treatment for geographic atrophy (GA)12,000 injections over 24 months. SYFOVRE is expected to be available by early March through specialty distributors. A marketing application is also under review in Europe, with a decision expected in early 2024.

Apellis Pharmaceuticals (Nasdaq: APLS) announced the grant of equity awards to 8 new employees, effective February 1, 2023. These equity inducement awards were granted outside the 2017 Stock Incentive Plan, under the terms of the 2022 Inducement Stock Incentive Plan. The new hires received options for 18,435 restricted stock units (RSUs), which will vest over four years, contingent upon their continued employment. This initiative aims to attract talent and support the company's growth in the biopharmaceutical sector, focusing on developing therapies for rare, retinal, and neurological diseases.

Apellis Pharmaceuticals (APLS) announced the appointment of Caroline Baumal, M.D., as the new chief medical officer, replacing Federico Grossi, M.D., Ph.D., who will assist during the transition until February 28, 2023. Dr. Baumal brings over 25 years of experience in retina research and patient care, crucial for the upcoming launch of pegcetacoplan for geographic atrophy (GA). The company is preparing for a PDUFA date next month, with pegcetacoplan showing promise in clinical trials as the first treatment for GA, a leading cause of blindness affecting millions.