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argenx Underwriters Boost Offering Proceeds to $1.15 Billion After Exercising Overallotment Option

· 02/05/2021 11:24

04:14 PM EST, 02/05/2021 (MT Newswires) -- argenx SE (ARGX) late Friday said underwriters for this week's pubic offering fully exercised their allotment option of 468,750 American depository shares at $320 apiece, generating an extra $150 million in gross proceeds and boosting its overall take before underwriter discounts and other offering expenses to $1.15 billion.

Net proceeds will be used by the Dutch biotechnology company to fund the ongoing development of its investigational drug candidate efgartigimod intended to reduce disease-causing immunoglobulin G antibodies.

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