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Adicet Bio's Lupus Trial Delivers 100% Response, Setting Stage For Phase 2
Adicet BioAdicet Bio(US:ACET) Benzinga·2025-10-07 15:05

Adicet Bio Inc. (NASDAQ:ACET) shares fell Tuesday after the biotechnology company priced an 80milliondirectoffering,evenasearlysafetyandefficacydatafromitsPhase1trialofADI001inautoimmunediseasesshowedencouragingsigns.Thecompanypricedaregistereddirectofferingof70millionsharesandprefundedwarrantstopurchase10millionsharesat80 million direct offering, even as early safety and efficacy data from its Phase 1 trial of ADI-001 in autoimmune diseases showed encouraging signs.The company priced a registered direct offering of 70 million shares and pre-funded warrants to purchase 10 million shares at 1.00 per share and 0.9999perwarrant,respectively,forexpectedgrossproceedsofapproximately0.9999 per warrant, respectively, for expected gross proceeds of approximately 80 million.The stock climbed as high as $1. ...