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Exicure Announces Uplisting to Nasdaq Capital Market and Pricing of $55 Million Public Offering of Common Stock

On July 31, 2019 Exicure, Inc. (OTCQB: XCUR), a pioneer in gene regulatory and immunotherapeutic drugs utilizing spherical nucleic acid (SNA) constructs, reported that its common stock will begin trading on the Nasdaq Capital Market under the symbol "XCUR" at the opening of trading on July 31, 2019, following its previously announced approval to list its common stock on the Nasdaq Capital Market (Press release, Exicure, JUL 31, 2019, View Source [SID1234537956]).

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Exicure also announced today the pricing of the previously announced underwritten public offering of 27,500,000 shares of its common stock at a price to the public of $2.00 per share. Exicure has also granted the underwriters a 30-day option to purchase up to an additional 4,125,000 shares of common stock to cover overallotments, if any. The offering is expected to close on or about August 2, 2019 subject to customary closing conditions.

Exicure expects to receive gross proceeds of $55 million from the sale of common stock in the offering, prior to deducting the underwriting discounts and commissions and estimated offering expenses payable by it. Exicure intends to use the net proceeds from the offering to advance AST-008 through a Phase 1b/2 clinical trial; to develop an SNA therapeutic candidate for a neurology condition and advance it into Phase 1 clinical trials; and for general corporate purposes.

Guggenheim Securities is acting as sole book-running manager for the offering. Chardan is acting as lead manager for the offering. H.C. Wainwright & Co. and Ladenburg Thalmann are acting as co-managers for the offering.

The securities described above are being offered by Exicure pursuant to a shelf registration statement on Form S-3 (No. 333-230175) that was declared effective by the Securities and Exchange Commission (SEC) on July 24, 2019. A preliminary prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC and are available on the SEC’s website located at www.sec.gov. A final prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website. Copies of the final prospectus supplement and the accompanying prospectus relating to this offering may also be obtained, when available, from: Guggenheim Securities, LLC Attention: Equity Syndicate Department, 330 Madison Avenue, New York, NY 10017 or by telephone at (212) 518-5548, or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 that state or jurisdiction.

BioTime Announces Name Change to Lineage Cell Therapeutics

On July 31, 2019 BioTime, Inc. (NYSE American and TASE: BTX), a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs, reported it is launching a new corporate brand, including a change of its corporate name to Lineage Cell Therapeutics, Inc., effective August 12, 2019 (Press release, BioTime, JUL 31, 2019, View Source [SID1234537955]). In connection with the launch, the Company’s NYSE American ticker symbol will change to "LCTX" and will be effective at the open of the market on August 12, 2019. The Company’s former ticker symbol "BTX" will remain effective through market close as of August 9, 2019. The new website for Lineage Cell Therapeutics will be www.lineagecell.com. The Company’s new identity reflects its commitment to becoming an innovative, leading cell therapy company and highlights its extensive cell therapy platform.

"BioTime has been a pioneering company in the field of cell therapy, but its assortment of programs and affiliates sometimes detracted from its core business and made it difficult for key audiences to fully appreciate its story. During the past three quarters, a new management team has taken aggressive steps to streamline the corporate structure, selectively convert diverse equity holdings into cash, and focus priorities on our three clinical-stage assets. With a clearer structure and clinical focus now in place, this was the right time to update our name and invite stakeholders to rediscover this exciting business," stated Brian M. Culley, the Company’s Chief Executive Officer. "Our new brand defines us within our field: we control the lineage of pluripotent cells and transplant those differentiated cell types into patients as therapeutics. The descriptive and unique logo is expressive of our core technology and refined focus. We look forward to launching our new brand on August 12th and continuing to build momentum and awareness of the Company’s mission among the investment, medical and patient communities."

The Company also will be relocating its corporate headquarters to Carlsbad, California, effective August 12, 2019. The move to San Diego County will provide the Company with proximity to world-leading academic centers, public and private cell therapy peers, and is expected to offer more centralized decision-making, cost-savings, and access to an extensive network of experienced staff.

Sesen Bio to Present at the Canaccord Genuity 39th Annual Growth Conference

On July 31, 2019 Sesen Bio (Nasdaq: SESN), a late-stage clinical company developing targeted fusion protein therapeutics for the treatment of patients with cancer, reported it will be featured as a presenting company at the Canaccord Genuity 39th Annual Growth Conference on Wednesday, August 7, 2019 in Boston, MA (Press release, Eleven Biotherapeutics, JUL 31, 2019, View Source [SID1234537938]).

Event: Canaccord Genuity 39th Annual Growth Conference
Date: August 7, 2019
Time: 10 a.m. EDT
Location: San Francisco room, The InterContinental Boston Hotel in Boston

A live webcast of the company’s presentation will be accessible from the Investors & Media section of Sesen Bio’s website, www.sesenbio.com. An archived replay of the webcast will be available on the company’s website for 90 days after the conference.

Rocket Pharmaceuticals Announces Participation at the SVB Leerink Spotlight Series: Rare & Genetic Diseases Conference

On July 31, 2019 Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) ("Rocket"), a leading U.S.-based multi-platform clinical-stage gene therapy company, reported that Gaurav Shah, M.D., Chief Executive Officer and President of Rocket is scheduled to present on Wednesday, August 7, 2019, at 1:30p.m. Eastern Time at the SVB Leerink Spotlight Series: Rare & Genetic Diseases conference in Boston, Massachusetts (Press release, Rocket Pharmaceuticals, JUL 31, 2019, View Source [SID1234537954]).

Savara to Present at the 39th Annual Canaccord Genuity Global Growth Conference

On July 31, 2019 Savara Inc. (Nasdaq: SVRA), an orphan lung disease company, reported that the Company’s Chief Operating Officer, Taneli Jouhikainen, will present at the Canaccord Genuity Global Growth Conference on Wednesday, August 7, 2019 at 11:30 a.m. Eastern Time / 8:30 a.m. Pacific Time in the Montreal Room at the Intercontinental in Boston (Press release, Savara, JUL 31, 2019, View Source [SID1234537952]).

Interested parties can access a live audio webcast on the Investors page of the Savara website at www.savarapharma.com/investors/events-presentations/. Please connect to the Company’s website at least 15 minutes prior to the start of the presentation to ensure sufficient time for any software download that may be required for the webcast. An archived presentation will be available on Savara’s website for 30 days.