Marker Therapeutics (NASDAQ: MRKR), a clinical-stage immuno-oncology company specializing in the development of next-generation T cell-based immunotherapies for the treatment of hematological malignancies and solid tumor indications, announced that it has closed on an underwritten public offering. The offering was comprised of 32,282,857 shares of its common stock, including an additional 3,710,857 shares based on a partial exercise of the over-allotment option. The announcement noted that the company sold the shares at the public offering price of $1.75 per share. The public offering resulted in gross proceeds of an estimated $56.5 million for the company. Roth Capital Partners acted as co-manager for the offering.
For more information, please visit the company’s website at www.MarkerTherapeutics.com.
About Marker Therapeutics Inc.
Marker Therapeutics is a clinical-stage immuno-oncology company specializing in the development of next-generation T cell-based immunotherapies for the treatment of hematological malignancies and solid tumor indications. Marker’s cell therapy technology is based on the selective expansion of non-engineered, tumor-specific T cells that recognize tumor-associated antigens (i.e., tumor targets) and kill tumor cells expressing those targets. This population of T cells is designed to attack multiple tumor targets following infusion into patients and to activate the patient’s immune system to produce broad spectrum anti-tumor activity. Because Marker does not genetically engineer its T cell therapies, the company believes that its product candidates will be easier and less expensive to manufacture, with reduced toxicities, compared to current engineered CAR-T and TCR-based approaches, and may provide patients with meaningful clinical benefit. As a result, Marker believes its portfolio of T cell therapies has a compelling product profile, as compared to current gene-modified CAR-T and TCR-based therapies.
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