Lowenstein Sandler represented Provention Bio, Inc., (Nasdaq: PRVB), a biopharmaceutical company dedicated to intercepting and preventing immune-mediated diseases, in the closing of its previously announced public offering. The gross proceeds to Provention Bio from the offering, before deducting underwriting discounts and commissions and other expense payable by Provention Bio, were approximately $110 million.
Provention Bio will use its net proceeds from the public offering for general corporate purposes, including the continued funding of clinical development, regulatory, and manufacturing activities.
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