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Alder BioPharmaceuticals Raises $170M in Stock Offering as FDA Reviews Its Migraine Therapy

By April 12, 2019No Comments

Alder BioPharmaceuticals has raised $170 million in a stock offering and is ramping up operations after filing an FDA application for eptinezumab, a therapy for patients with chronic migraines.

Alder CEO Bob Azelby said the publicly-traded company is using the funds to invest in its supply chain, human resources, and IT and financial infrastructure. It also plans to build out a commercial representative team of 75 to 100 employees.