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Orchestra BioMed Announces Pricing of Public Offering

GlobeNewswire Inc.·
Orchestra BioMed Announces Pricing of Public Offering

Orchestra BioMed (OBIO) announced the pricing of an underwritten public offering of 15 million shares at $5.00 per share, expected to raise $75 million in gross proceeds. The company plans to use the funds to advance its AVIM Therapy program and BACKBEAT clinical trial for hypertension treatment, as well as its Virtue SAB program for coronary in-stent restenosis, alongside other research and development initiatives.

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