Aug. 2 at 9:13 PM
$SABS
The stock is not the company and the company is not the stock. SABS doesn’t need to come back to the capital markets. They don’t need us. They are fully funded.
Participation from strategic investor
Sanofi, along with new investors RA Capital Management, Commodore Capital,
Vivo Capital, Blackstone Multi-Asset Investing, Spruce Street Capital, Forge Life Science Partners and Woodline Partners LP, and existing investors Sessa Capital, the T1D Fund, (former JDRF) and ATW.
PartnersProceeds expected to fully fund completion of pivotal Phase 2b SAFEGUARD study evaluating SAB-142 for delaying progression of autoimmune T1D in newly diagnosed T1D patients (Stage 3)Company expects proceeds to extend cash runway into the middle of 2028
Potential for up to an additional
$284 million of gross proceeds if milestone-based warrants exercised in full.
https://youtu.be/msFwJ5xpg_g?si=5NhtGGk8PFdajk2Y