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Zentalis Pharmaceuticals Announces $25 Million Equity Investment From Pfizer

Zentalis Pharmaceuticals Announces $25 Million Equity Investment From Pfizer

04/27/22, 7:00 AM
Money raised
$25 million
Zentalis Pharmaceuticals, Inc. (Nasdaq: ZNTL), a clinical-stage biopharmaceutical company focused on discovering and developing small molecule therapeutics targeting fundamental biological pathways of cancers, today announced that it has agreed to sell 953,834 of its common shares at a price of $26.21 per share to Pfizer for gross proceeds of $25.0 million (the “Transaction”). The common shares were offered and sold to Pfizer in a registered direct offering conducted without an underwriter or placement agent. The offering is expected to close on or about April 29, 2022, subject to customary closing conditions

Company Info

Company
Zentalis
Additional Info
Zentalis has operations in both New York and San Diego.