Tarsus Pharmaceuticals, Inc. Announces Closing of Initial Public Offering and Full Exercise by the Underwriters of Option to Purchase Additional Shares
Tarsus Pharmaceuticals, a late-stage biopharmaceutical company, has successfully completed its initial public offering, closing the sale of 6,325,000 shares at $16.00 each, raising approximately $101.2 million. The offering included 825,000 shares from the underwriters' additional option. Shares began trading on the Nasdaq Global Select Market under the ticker 'TARS' on October 16, 2020. Tarsus focuses on developing therapies for unmet needs in ophthalmology and other areas, with its lead candidate TP-03 in Phase 2b/3 trials for Demodex blepharitis.
- Raised approximately $101.2 million from the IPO, providing capital for further development.
- Shares began trading on Nasdaq, enhancing company visibility and liquidity.
- Focus on addressing large market opportunities in ophthalmic conditions.
- None.
IRVINE, Calif., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (“Tarsus”), a late clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutic candidates to address large market opportunities initially in ophthalmic conditions, today announced the closing of its initial public offering of 6,325,000 shares of its common stock at a price to the public of
The shares began trading on The Nasdaq Global Select Market on October 16, 2020 under the symbol “TARS.”
BofA Securities, Jefferies and Raymond James acted as joint book-running managers for the offering. LifeSci Capital and Ladenburg Thalmann acted as co-managers for the offering.
A registration statement relating to the offering of these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on October 15, 2020. Copies of the registration statement can be accessed by visiting the SEC website at www.sec.gov. The securities referred to in this release were offered only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; Jefferies at 1-877-821-7388 or by email at prospectus_department@jefferies.com; and Raymond James at 1-800-248-8863 or by email at prospectus@raymondjames.com.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About Tarsus Pharmaceuticals, Inc.
Tarsus Pharmaceuticals, Inc. is a late clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutic candidates to address large market opportunities, initially in ophthalmic conditions, where there are limited treatment alternatives. It is advancing its pipeline to address several diseases across therapeutic categories including eye care, dermatology, and other diseases with high, unmet needs. Its lead product candidate, TP-03, is a novel therapeutic in Phase 2b/3 that is being developed for the treatment of Demodex blepharitis.
Media Contact:
Allison Howell
Pascale Communications, LLC
allison@pascalecommunications.com
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