Morphic therapeutic announces proposed public offering

Waltham, mass., march 01, 2021 (globe newswire) -- morphic holding, inc. (nasdaq: morf), a biopharmaceutical company developing a new generation of oral integrin therapies for the treatment of serious chronic diseases, today announced a proposed underwritten public offering in which it intends to offer and sell $200.0 million of shares of its common stock. in addition, morphic intends to grant the underwriters a 30-day option to purchase up to an additional $30.0 million of shares of its common stock. all of the shares of common stock are being offered by morphic. 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.
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