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IMV completes C$29.46M offering of shares


Date

March 6, 2019

Office Involved

Value

29.46 Million CAD

On March 6, 2019, IMV Inc. completed its previously announced offering of 4,900,000 common shares through a syndicate of underwriters at a price of C$5.45 per share for aggregate gross proceeds of approximately C$26.7 million. On March 11, 2019, the underwriters partially exercised the over-allotment option granted to them by purchasing an additional 504,855 shares at a price of C$5.45 per share for additional gross proceeds of C$2.75 million. The total value of the transaction is approximately C$29.46 million.

IMV intends to use the proceeds from the offering to accelerate the development of its lead immunotherapy candidate, DPX-Survivac, and for general corporate purposes.

IMV is a biopharmaceutical company based in Dartmouth, Nova Scotia. It is focused on creating more effective immunotherapies for cancer and other diseases.

McCarthy Tétrault LLP advised IMV with a team led by Philippe Leclerc that included Isabelle Pépin-Lapointe and Vincent Laurin.

People

  • Philippe Leclerc
    Philippe Leclerc

    Partner, Life Sciences Sector Co-Leader

    People.Offices.Plural Montréal, Québec City