Chimerix’s $100 Million Common Stock Offering


Latham & Watkins LLP represented the underwriters in the offering.

Chimerix, Inc., a biopharmaceutical company focused on accelerating the development of medicines to treat cancer and other serious diseases, executed its underwritten public offering of 11,765,000 shares of its common stock at a price to the public of US$8.50 per share. All of the shares to be sold in the offering are being sold by Chimerix.

The gross proceeds to Chimerix from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be US$100 million. In addition, Chimerix has granted the underwriters a 30-day option to purchase up to an additional 1,764,750 shares of common stock at the public offering price, less underwriting discounts and commissions.

Jefferies LLC, Cowen and Company, LLC, H.C. Wainwright & Co., LLC, and Jones Trading Institutional Services LLC acted as underwriters for the offering.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partner Nathan Ajiashvili (Picture) and San Diego partner Michael Sullivan, with associates Denis Griffin, Christopher West, and Shelby Harrison.

Involved fees earner: Nathan Ajiashvili – Latham & Watkins; Denis Griffin – Latham & Watkins; Michael Sullivan – Latham & Watkins; Christopher West – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Cowen and Company; H.C. Wainwright & Co.; Jefferies; JonesTrading Institutional Services;

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Author: Ambrogio Visconti