Crescent Biopharma Raises $185 Million in Private Placement

Reuters
2025/12/04
Crescent Biopharma Raises $185 Million in Private Placement

Crescent Biopharma Inc. has announced a private placement of approximately $185 million in securities to institutional and accredited investors. The offering, which is expected to close around December 8, 2025, was not registered under the Securities Act of 1933 and involves the sale of shares and pre-funded warrants. Investors participating in the placement include Forbion, Fairmount, Vestal Point Capital, BVF Partners, ADAR1, Balyasny Asset Management, and Venrock Healthcare Capital Partners. The company plans to use the proceeds to advance its clinical and preclinical programs and for general corporate purposes, with an expected cash runway into 2028. Jefferies, TD Cowen, Guggenheim Securities, Cantor, and Wedbush & Co. served as placement agents, and Piper Sandler acted as financial advisor.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crescent Biopharma Inc. published the original content used to generate this news brief on December 04, 2025, and is solely responsible for the information contained therein.

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免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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