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Funds to advance PRA-216 in multiple high-value inflammatory indications.
Bolt Biotherapeutics, Inc. (Nasdaq: BOLT) announced the acquisition of Prana Therapies and a concurrent private placement of $120 million. The funds will be used to advance PRA-216 in multiple high-value inflammatory indications.
The acquisition and private placement were announced together, with the $120 million earmarked specifically for the development of PRA-216.
Bolt Biotherapeutics has a free float of 1,436,280 shares and 1,926,345 shares outstanding.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.