Entera Bio raises $275M in oversubscribed placement, shares rebound on funding news
Entera Bio (ENTX) raised $275M in an oversubscribed private placement, funding Phase 3 trials for EB613, its oral osteoporosis treatment, and extending its cash runway to 2030. Shares rose despite dilution concerns, with BVF Partners leading the investment. The FDA accepted the Phase 3 protocol, and analysts project a loss for Q2 2024 with a $9 price target.




