<a href="https://laohu8.com/S/SABS">SAB Biotherapeutics</a> Inc. Files Prospectus for $175 Million Oversubscribed Private Placement to Fund Autoimmune T1D Study
SAB Biotherapeutics Inc., a clinical-stage biopharmaceutical company, has filed a prospectus announcing an oversubscribed private placement, raising $175 million in gross proceeds. The financing includes participation from strategic investor Sanofi, alongside new investors such as RA Capital Management and Blackstone Multi-Asset Investing, among others. The funds are earmarked to fully support the pivotal Phase 2b SAFEGUARD study of SAB-142, aimed at delaying the progression of autoimmune type 1 diabetes (T1D) in newly diagnosed patients. The company expects this infusion to extend its cash runway into mid-2028. Additionally, there is potential for up to $284 million in extra gross proceeds if milestone-based warrants are fully exercised. The placement is scheduled to close around July 22, 2025, subject to customary conditions.
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