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Akero Therapeutics Announces Joint Book-Running Managers for Proposed Public Offering

Jan 27, 2025•over 1 year ago

Contract Type

partnership

South San FranciscoBiotechnologyHealth CareTherapeutics

Description

Akero Therapeutics, Inc. has commenced a public offering of $300.0 million of shares of its common stock and intends to grant the underwriters a 30-day option to purchase up to an additional $45.0 million. The offering is subject to market and other conditions.

Company Information

Company

Akero Therapeutics

Location

South San Francisco, California, United States

About

Akero Therapeutics is a clinical-stage company developing transformational treatments for patients with serious metabolic diseases marked by high unmet medical need, including MASH. Akero's lead product candidate, EFX, is currently being evaluated in the ongoing SYMMETRY study, a 96-week Phase 2b clinical trial in patients with compensated cirrhosis due to MASH (F4 fibrosis), as well as three ongoing Phase 3 clinical trials in patients with pre-cirrhotic MASH or compensated cirrhosis due to MASH: SYNCHRONY Histology, SYNCHRONY Real-World, and SYNCHRONY Outcomes. The SYNCHRONY program builds on the results of two Phase 2b clinical trials, the HARMONY study in patients with pre-cirrhotic MASH (F2-F3) and the SYMMETRY study in patients with compensated cirrhosis due to MASH (F4).

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