Chimerix Announces Public Offering Of 6.2 Mln Shares

(RTTNews) - Chimerix, Inc. (CMRX) said Monday that it is offering to sell 6.2 million shares of its common stock in an underwritten public offering.

The company will also grant to the underwriters a 30-day option to purchase up to an aggregate of 930,000 additional shares of common stock.

Chimerix said it expects to use the net proceeds from the offering to fund its research and development efforts and for general corporate purposes, including working capital.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering and Cowen and Company, LLC is acting as co-lead manager for the offering.