Cooley Advises on Follow-On Offerings for Reata + argenx

Transactions total more than $1 billion

New York – December 5, 2019 – In separate transactions that closed within a week of each other, Cooley advised on follow-on offerings for Reata Pharmaceuticals and argenx that total more than $1 billion.

Reata closed its $505 million follow-on offering of 2,760,000 shares of Class A common stock, which includes the full exercise of the underwriters’ option to purchase additional shares. Cooley partners Rich Segal, Div Gupta and Charlie Kim led the team advising the underwriters. Citigroup, Jefferies, SVB Leerink and Stifel acted as the joint book-running managers for the offering. Cantor, Baird and Ladenburg Thalmann acted as co-managers for the offering.

Reata is a clinical-stage biopharmaceutical company that develops novel therapeutics for patients with serious or life-threatening diseases by targeting molecular pathways involved in the regulation of cellular metabolism and inflammation.

argenx closed its $557 million follow-on offering of 4,600,000 ordinary shares, which also includes the full exercise of the underwriters’ option to purchase additional shares. Cooley partners Div Gupta, Rich Segal and Brent Siler led the team advising the underwriters. Morgan Stanley, Cowen, BofA Securities and Evercore acted as joint book-running managers for the offering. Kempen acted as lead manager for the offering and Wolfe Capital Markets and Advisory acted as co-manager.

argenx is a clinical-stage biotechnology company developing a deep pipeline of differentiated antibody-based therapies for the treatment of severe autoimmune diseases and cancer.

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Related Contacts
Div Gupta  Partner New York
Charlie Kim  Partner San Diego, Los Angeles
Richard Segal  Partner New York
Brent Siler  Senior Counsel Washington, DC, Reston
Francis Cullo  Associate Washington, DC
Asher Herzog  Associate New York
Madison Jones  Partner Washington, DC
Asheley Walker  Associate Washington, DC
Bill Christiansen  Partner Seattle
Ivor Elrifi  Partner New York, Boston
William Corcoran  Partner Boston
Stephanie Gentile  Partner New York
Rick Jantz  Associate Los Angeles
Kenneth Krisko  Partner Reston, Boston
Natasha Leskovsek  Of Counsel Washington, DC
Phil Mitchell  Partner New York
DéJeune O'Garro  Associate Reston
Matthew Pavao  Partner Boston
Rebecca Ross  Special Counsel Washington, DC
Jennifer Shanley  Associate New York
Francis Wheeler  Partner Colorado