Gossamer Bio executes 1-for-80 reverse stock split
The company aims to regain Nasdaq compliance by raising the minimum bid price requirement. Trading begins on September 11 under symbol GOSS with adjusted share ratios.
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Clinical-stage biopharmaceutical company developing therapies for pulmonary hypertension
gossamerbio.comLast updated
In short: Gossamer Bio planned a September 2026 NDA for seralutinib, secured $250 million in funding, and implemented a 1-for-80 reverse stock split.
The company aims to regain Nasdaq compliance by raising the minimum bid price requirement. Trading begins on September 11 under symbol GOSS with adjusted share ratios.
Plans NDA submission for September 2026 after FDA meeting, reacquired global seralutinib rights from Chiesi, and reported Q2 net income of $16.9 million.
The company plans to submit an NDA for seralutinib in PAH in September 2026, reacquired worldwide rights from Chiesi, and reported cash of $57 million.
The exchange offer for $181M in existing notes closed early, with $18.9M remaining outstanding.
The average one-year price target for Gossamer Bio (NASDAQGS:GOSS) has been revised to $135.13 / share. This is an increase of 4,500.00% from the prior...
In connection with the reverse stock split, the number of authorized shares of the Company’s common stock was reduced from 4,000,000,000 to 50,000,000, and the...
Gossamer Bio prepares the seralutinib application, secures up to 250 million US dollars and reduces its capital debt by 115.9 million.
Gossamer Bio receives capital commitments for Seralutinib, while $125 million remains tied to the FDA approval application.
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