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Athersys privately raises $65mm, goes public via reverse merger

Executive Summary

Newly public pharma Athersys (developing synthetic pharmaceuticals and cell therapeutics for multiple diseases) raised $65mm by selling 13mm common shares at $5 each to institutional investors led by Radius Ventures. Other backers included OrbiMed Advisors, RA Capital Management, Accipiter Capital Management, Hambrecht & Quist Capital Management, MPM BioEquities, and Pappas Ventures.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Gene Therapy, Cell Therapy
    • Drug Discovery Tools
      • Genomics-Proteomics
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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