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Outlook Therapeutics launches public stock offering By Investing.com
Outlook Therapeutics Inc. (NASDAQ:OTLK) has commenced a public offering of common stock and warrants, with H.C. Wainwright & Co. acting as the exclusive placement agent. The biopharmaceutical company, which develops bevacizumab treatments for retina diseases, plans to use the net proceeds for working capital and general corporate purposes. This comes as the company faces regulatory challenges in the U.S. for its ONS-5010/LYTENAVA treatment, despite receiving European marketing authorization and analyst predictions of significant sales growth.