Tech Company Inital Public Offerings
Selecta Biosciences IPO
Selecta Biosciences, based in Watertown, had an IPO event on 6/22/2016.
Transaction Overview
Company Name
Announced On
6/22/2016
Transaction Type
IPO
Amount
$70,000,000
Proceeds Purpose
We expect that we will use the net proceeds from this offering for the following purposes: approximately $23 million to support the clinical development and manufacturing scale-up of SEL-212, including SEL-212's Phase 2 clinical trial; approximately $10 million to fund the start of a Phase 1 clinical trial and manufacturing scale-up of our first gene therapy program; and the remainder, if any, to fund preparations for the Phase 3 clinical trial of SEL-212 and the further advancement of our second gene therapy program as well as other potential future development programs, early-stage research and development and continued development of our SVP technologies, and for working capital and general corporate purposes.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
480 Arsenal St.
Watertown, MA 02472
USA
Watertown, MA 02472
USA
Phone
Website
Email Address
Overview
Selecta Biosciences, Inc. (NASDAQ: SELB) is a biopharmaceutical company developing an entirely new class of targeted vaccines that induces an antigen-specific immune activation or antigen-specific immune tolerance for therapeutic and prophylactic applications.
Management Team
Title
Name
Email & Social
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