Reata Pharmaceuticals Prices Class A Common Stock Offering
Vinson & Elkins advised Reata Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, in its public offering of 2,000,000 shares of its Class A common stock at a price to the public of $140.85 per share, for gross proceeds of $281.7 million.
The offering priced on December 1, 2020 and is expected to close on or about December 4, 2020.
Reata develops novel therapeutics for patients with serious or life-threatening diseases by targeting molecular pathways involved in the regulation of cellular metabolism and inflammation.
The V&E corporate team was led by partner Robert Kimball with assistance from senior associate Katherine Frank and associates Grace-Ann Duquette and Joseph Steuert. Advising on tax matters were partner Wendy Salinas and associate Liz Snyder.
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