06:48 AM EDT, 10/01/2024 (MT Newswires) -- Biohaven ( BHVN ) said Tuesday that it priced an underwritten public offering of about 5.3 million of its common shares at $47.50 per share, for expected gross proceeds of about $250 million.

The company also granted the underwriters a 30-day option to buy up to an additional 789,473 common shares. The offering is expected to close on Wednesday.

Biohaven ( BHVN ) said it plans to use the net proceeds from the offering for general corporate purposes.

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