IVERIC bio (ISEE) Announces Proposed Common Share Offering

IVERIC bio, Inc. (NASDAQ: ISEE) today announced that it is commencing an underwritten public offering of shares of its common stock (or pre-funded warrants to purchase its common stock in lieu thereof). In addition, the Company intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15 percent of the number of shares of its common stock plus the shares of common stock underlying the pre-funded warrants sold in connection with the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. All of the shares are to be offered by the Company.

Cowen is acting as the book-running manager for the offering.

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