Tech Company Inital Public Offerings
Ritter Pharmaceuticals IPO
Ritter Pharmaceuticals was acquired by . Shares became public on 6/25/2015.
Transaction Overview
Company Name
Announced On
6/25/2015
Transaction Type
IPO
Amount
$20,000,000
Proceeds Purpose
The principal purposes of this offering are to obtain additional capital to support our operations, to create a public market for our common stock and to facilitate our future access to the public equity markets. We intend to use the net proceeds from this offering as follows: approximately $9.4 million to fund the continued clinical development of RP-G28 for the reduction of symptoms associated with lactose intolerance, including our anticipated Phase 2b/3 trial and non-clinical development; approximately $2.5 million to fund expenses associated with the manufacture and product development of RP-G28; approximately $0.5 million to explore potential orphan indications; and approximately $5.0 million for general corporate purposes, general and administrative expenses, capital expenditures, working capital and prosecution and maintenance of our intellectual property.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
1880 Century Park East 1000
Los Angeles, CA 90067
USA
Los Angeles, CA 90067
USA
Phone
Email Address
Overview
Ritter (NASDAQ: RTTR) is committed to the discovery, development and commercialization of novel therapeutic treatments for gastrointestinal diseases and conditions.
Management Team
Title
Name
Email & Social
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