Atara Biotherapeutics Announces Proposed Offering of Common Stock

Atara Biotherapeutics (Nasdaq:ATRA), a leading off-the-shelf T-cell immunotherapy company developing novel treatments for patients with cancer, autoimmune and viral diseases, today announced that it has commenced an underwritten public offering of $150,000,000 of its shares of common stock. In addition, Atara Biotherapeutics expects to grant the underwriters a 30-day option to purchase up to an additional $22,500,000 of shares of its common stock at the public offering price, less the underwriting discounts and commissions.

As quoted in the press release:

All of the shares in the offering will be sold by Atara Biotherapeutics. The offering is subject to market and other conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the actual size or terms of the offering. J.P. Morgan and Cowen are acting as joint book-running managers for the proposed offering.

Click here to read the full press release.