Tech Company Inital Public Offerings
Cerecor IPO
Headquartered in Rockville, Cerecor is now a public company.
Transaction Overview
Company Name
Announced On
10/16/2015
Transaction Type
IPO
Amount
$26,000,000
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. As of June 30, 2015, we had cash and cash equivalents of $6.1 million. We plan to use the net proceeds from this offering, together with our existing cash and cash equivalents, as follows: approximately $9.0 million to fund the costs of our Phase 2 clinical development of CERC-301; approximately $7.0 million to fund the costs of our Phase 2 clinical development of CERC-501; approximately $1.5 million to fund research and development, and to advance our pipeline of preclinical lead candidates, under the COMTi platform, including the selection of additional candidates and preclinical research for CERC-406; and the remainder for working capital, general corporate purposes and potential in-licensing or other acquisitions.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
540 Gaither Rd. 400
Rockville, MD 20850
USA
Rockville, MD 20850
USA
Phone
Website
Email Address
Not Recorded
Overview
Cerecor Inc. is a clinical-stage biopharmaceutical company with the goal of becoming a leader in the development of innovative drugs that make a difference in the lives of patients with neurological and psychiatric disorders.
Management Team
Title
Name
Email & Social
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