NewAmsterdam Pharma Completes Successful $479 Million Offering

NewAmsterdam Pharma's Significant Capital Raise

NewAmsterdam Pharma Company N.V. (NASDAQ: NAMS), a clinical biopharmaceutical firm focused on developing innovative oral therapies for cardiovascular disease risk, has recently completed a remarkable upsized public offering. This initiative raised a total of $479 million through the sale of ordinary shares and pre-funded warrants, a major milestone for the company as it continues to expand its therapeutic solutions in the field of cardiology.

Details of the Offering

With its latest offerings, NewAmsterdam has successfully sold 14,667,347 ordinary shares at a price of $24.50 each, reinforcing investor confidence in its mission to address significant healthcare needs. This strategic decision included a full exercise of the underwriters' option to acquire an additional 2,550,000 shares, demonstrating substantial market interest and belief in the company's advancement.

Moreover, the offering incorporated pre-funded warrants, allowing investors the opportunity to purchase another 4,882,653 ordinary shares at nearly the same price point. Such financial maneuvers not only reflect the company's attractive valuation but also its commitment to optimizing funding structures to enhance shareholder value.

Use of Proceeds

The net proceeds from this offering, reaching approximately $452.6 million after deducting expenses associated with underwriting and commissions, will be instrumental in propelling NewAmsterdam’s ongoing research and development initiatives. This includes advancing clinical trials for their flagship treatment candidate, obicetrapib, which is positioned to provide significant LDL-lowering alternatives for patients struggling with traditional therapies.

As NewAmsterdam navigates the complexities of late-stage clinical development, these funds will support crucial phases of the drug approval process, ensuring a streamlined pathway for obicetrapib to reach patients in need, especially those with elevated low-density lipoprotein cholesterol (LDL-C).

Continuing Innovation in Cardiovascular Health

NewAmsterdam Pharma's dedication to enhancing patient care is further evidenced by its focus on filling an essential healthcare gap. Through rigorous clinical studies, the company explores the efficacy of obicetrapib as an adjunct therapy to statin regimens, responding to the needs of patients who find existing options inadequate or poorly tolerated.

This new treatment strategy, leveraging the low-dose and convenient nature of obicetrapib, aims to improve quality of life for individuals at risk of cardiovascular disease, particularly in populations that have limited effective treatment choices. NewAmsterdam’s ongoing trials are critical to assessing the full impact of such innovations on patient outcomes.

Corporate Partnerships and Advisory Support

The collaboration with reputable financial institutions like Jefferies, Goldman Sachs, and others as joint book-running managers attests to NewAmsterdam’s credibility and strategic positioning in the marketplace. Such partnerships are vital as they navigate the complex landscape of public offerings and investor relations.

Furthermore, the involvement of Van Lanschot Kempen N.V. as a financial adviser adds another layer of expertise, supporting the company's operational strategies aimed at maximizing its developmental potential and market reach.

About NewAmsterdam Pharma

NewAmsterdam Pharma stands at the forefront of biopharmaceutical innovation, dedicated to creating effective treatments for metabolic diseases where conventional therapies fall short. With a robust pipeline and ongoing research, NewAmsterdam seeks to address unmet medical needs in managing LDL-C levels, projecting confidence in its ability to deliver significant advancements in cardiovascular care.

As the company progresses, it maintains an unwavering commitment to patient safety and therapeutic efficacy, striving to improve health outcomes for populations that remain underrepresented in current treatment paradigms.

Company Contact

For further inquiries, interested parties can reach Matthew Philippe at 1-917-882-7512 or via email at matthew.philippe@newamsterdampharma.com.

Frequently Asked Questions

What is the purpose of NewAmsterdam Pharma's recent offering?

The offering aimed to raise funds to support the development of their innovative LDL-lowering therapies, particularly obicetrapib.

How many ordinary shares were sold in the offering?

A total of 14,667,347 ordinary shares were sold at a public offering price of $24.50 each.

Which financial institutions were involved in the public offering?

Jefferies, Goldman Sachs, and several others acted as joint book-running managers for the offering.

What will the proceeds from the offering be used for?

The proceeds will be used to fund research and development, especially clinical trials for obicetrapib.

What distinguishes obicetrapib from other LDL-lowering therapies?

Obicetrapib is a novel oral CETP inhibitor aimed at providing safe, effective LDL-C lowering as an adjunct treatment for statin therapy.

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