On December 4, 2024, Janux Therapeutics, Inc., a clinical-stage biopharmaceutical company developing a broad pipeline of novel immunotherapies by applying its proprietary technology to its Tumor Activated T Cell Engager (TRACTr) and Tumor Activated Immunomodulator (TRACIr) platforms, announced the pricing of an underwritten public offering of 5,317,460 shares of its common stock at a public offering price of $63.00 per share and pre-funded warrants to purchase 238,095 shares of common stock at a price of $62.999 per pre-funded warrant. The aggregate gross proceeds to Janux from the offering, before deducting underwriting discounts and commissions and other estimated offering expenses and excluding the exercise of any pre-funded warrants, are expected to be approximately $350.0 million. In addition, Janux has granted the underwriters a 30-day option to purchase up to an additional 833,333 shares of its common stock. All of the securities to be sold in the offering are to be sold by Janux. The offering is expected to close on or about December 6, 2024, subject to customary closing conditions.

Wilson Sonsini Goodrich & Rosati advised Janux Therapeutics on patent matters related to the transaction. The patent team included Laurie McNamara, Yingchun Ni, Jacob Daniels, and Mike Hostetler.

For more information, please see Janux Therapeutics’ press release.