Akero Therapeutics Announces Closing of Initial Public Offering and Exercise in Full of the Underwriters' Option to Purchase Additional Shares
J.P. Morgan Securities LLC, Jefferies LLC and Evercore Group L.L.C. acted as joint book-running managers for the offering.
Registration statements relating to these securities have been filed with the
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
NASH is a leading cause of liver failure around the world, driven by the growing global epidemic of obesity. NASH is a severe form of non-alcoholic fatty liver disease (NAFLD) characterized by liver cell (hepatocyte) damage, liver inflammation, and fibrosis that can progress to cirrhosis, liver failure, cancer and death.
In-licensed from Amgen, AKR-001 is an engineered human Fc-FGF21 fusion protein designed to harness the inherent benefits of an endogenous hormone called FGF21, which has the potential to reduce liver fat, mitigate inflammation, and reverse fibrosis in NASH patients. AKR-001 is uniquely designed to deliver sustained signaling through FGF21's receptors with once-weekly subcutaneous dosing.
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Company Contact: William White, CFO & Head of Corporate Development, Akero Therapeutics, Inc., IR@akero.com, 650-487-6488; Media Contact: Lissette Steele, Verge Scientific Communications, firstname.lastname@example.org, 202.930.4762; Investor Contact: Christina Tartaglia, Stern Investor Relations, email@example.com, 212-362-1200