Zosano prices registered direct offering

|About: Zosano Pharma Corporation (ZSAN)|By:, SA News Editor 

Zosano Pharma (ZSAN +16.4%announced issuance and sale of 2,181,034 common stock at $1.45 per share in a registered direct offering.

The company intends to use the net proceeds to fund pre-approval commercialization activities, including submitting its NDA for Qtrypta (M207) for the treatment of migraine, and for general working capital and corporate purposes.