{"id":454122,"date":"2021-03-09T16:04:20","date_gmt":"2021-03-09T21:04:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454122"},"modified":"2021-03-09T16:04:20","modified_gmt":"2021-03-09T21:04:20","slug":"nurix-therapeutics-announces-closing-of-public-offering-of-common-stock-and-full-exercise-of-underwriters-option-to-purchase-additional-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nurix-therapeutics-announces-closing-of-public-offering-of-common-stock-and-full-exercise-of-underwriters-option-to-purchase-additional-shares\/","title":{"rendered":"Nurix Therapeutics Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters\u2019 Option to Purchase Additional Shares"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN FRANCISCO, March  09, 2021  (GLOBE NEWSWIRE) &#8212; Nurix Therapeutics, Inc. (Nasdaq: NRIX), a biopharmaceutical company developing targeted protein modulation drugs, today\u00a0announced the closing of its underwritten public offering of 5,175,000 shares of its common stock at a public offering price of $31.00 per share, which includes 675,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, were $160.4 million.<\/p>\n<p align=\"justify\">J.P. Morgan, Piper Sandler and Stifel acted as the joint bookrunning managers for the offering. RBC Capital Markets and Needham &amp; Company acted as the lead managers for the offering.<\/p>\n<p align=\"justify\">The offering was made only by means of a prospectus. A copy of the final prospectus may be obtained from: J.P. Morgan Securities LLC, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dYoIU5wmXceJVlbdV17ZFAizZGbfpOyPJH3pi1g9Wa284yQRFWkiba3GOC51-5mUdHFy3FWH4K1_wlD88TnI7ON624SSkXIxu3IOR1elq_R0duhLNXbL5vD7NHIITk78\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">prospectus-eq_fi@jpmchase.com<\/a>; Piper Sandler &amp; Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at (800) 747-3924, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dYoIU5wmXceJVlbdV17ZFDhImWErZWn4VDwPnYiEgGDaJQ20zKAxcMbCuK_8kehNfm9m7i401bG6GI6PCRSUDAH2xZpC4EsxZ8ekggtwc2s=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">prospectus@psc.com<\/a>; or Stifel, Nicolaus &amp; Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at (415) 364-2720, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=S02Agrvx-t-fUkc5yHo3p63LoxUNSSl76R1w5t1KBY_9aMAaAeiHMUzqfuvNIscc3x5PnSSO4nvzLahBhjzaq6Nc4K5tTS57ic6gquUrqYU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">syndprospectus@stifel.com<\/a>.<\/p>\n<p align=\"justify\">A registration statement relating to the sale of these securities was declared effective by the Securities and Exchange Commission (SEC) on March 4, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Nurix Therapeutics, Inc. <\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Nurix Therapeutics is a biopharmaceutical company focused on the discovery, development, and commercialization of small molecule therapies designed to modulate cellular protein levels as a novel treatment approach for cancer and other challenging diseases. Leveraging Nurix\u2019s extensive expertise in E3 ligases together with its proprietary DNA-encoded libraries, Nurix has built DELigase, an integrated discovery platform to identify and advance novel drug candidates targeting E3 ligases, a broad class of enzymes that can modulate proteins within the cell. Nurix\u2019s drug discovery approach is to either harness or inhibit the natural function of E3 ligases within the ubiquitin proteasome system to selectively decrease or increase cellular protein levels. Nurix\u2019s wholly owned pipeline includes targeted protein degraders of Bruton\u2019s tyrosine kinase, a B-cell signaling protein, and inhibitors of Casitas B-lineage lymphoma proto-oncogene B, an E3 ligase that regulates T cell activation.<\/p>\n<p>\n        <strong><br \/>\n          <u>Cautionary Statement Regarding Forward-Looking Statements<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">To the extent that statements contained in this press release are not descriptions of historical facts regarding Nurix Therapeutics, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause Nurix\u2019s actual activities or results to differ significantly from those expressed in any forward-looking statement, including, without limitation, risks and uncertainties related to market conditions and the risks and uncertainties described under the heading \u201cRisk Factors\u201d in documents Nurix files from time to time with the SEC, including Nurix\u2019s Annual Report on Form 10-K filed with the SEC on February 16, 2021, the prospectus for this offering filed with the SEC on March 5, 2021, and its future periodic reports to be filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date of this press release, and Nurix undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.<\/p>\n<p>\n        <strong><br \/>\n          <u>Investor Contact<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Jason Kantor, Ph.D.<br \/>Nurix Therapeutics, Inc.<br \/>jkantor@nurixtx.com<\/p>\n<p>\n        <strong><br \/>\n          <u>Media Contact<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Elizabeth Wolffe, Ph.D.<br \/>Wheelhouse Life Science Advisors<br \/>lwolffe@wheelhouselsa.com<\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzE0NSM0MDU1OTE4IzIyMDA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/02191a55-ca74-4b90-b098-6dc693a691f2\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, March 09, 2021 (GLOBE NEWSWIRE) &#8212; Nurix Therapeutics, Inc. (Nasdaq: NRIX), a biopharmaceutical company developing targeted protein modulation drugs, today\u00a0announced the closing of its underwritten public offering of 5,175,000 shares of its common stock at a public offering price of $31.00 per share, which includes 675,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, were $160.4 million. J.P. Morgan, Piper Sandler and Stifel acted as the joint bookrunning managers for the offering. RBC Capital Markets and Needham &amp; Company acted as the lead managers for the offering. The offering was &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nurix-therapeutics-announces-closing-of-public-offering-of-common-stock-and-full-exercise-of-underwriters-option-to-purchase-additional-shares\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nurix Therapeutics Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters\u2019 Option to Purchase Additional Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-454122","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nurix Therapeutics Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters\u2019 Option to Purchase Additional Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nurix-therapeutics-announces-closing-of-public-offering-of-common-stock-and-full-exercise-of-underwriters-option-to-purchase-additional-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nurix Therapeutics Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters\u2019 Option to Purchase Additional Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, March 09, 2021 (GLOBE NEWSWIRE) &#8212; Nurix Therapeutics, Inc. (Nasdaq: NRIX), a biopharmaceutical company developing targeted protein modulation drugs, today\u00a0announced the closing of its underwritten public offering of 5,175,000 shares of its common stock at a public offering price of $31.00 per share, which includes 675,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, were $160.4 million. J.P. Morgan, Piper Sandler and Stifel acted as the joint bookrunning managers for the offering. RBC Capital Markets and Needham &amp; Company acted as the lead managers for the offering. 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(Nasdaq: NRIX), a biopharmaceutical company developing targeted protein modulation drugs, today\u00a0announced the closing of its underwritten public offering of 5,175,000 shares of its common stock at a public offering price of $31.00 per share, which includes 675,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, were $160.4 million. J.P. Morgan, Piper Sandler and Stifel acted as the joint bookrunning managers for the offering. RBC Capital Markets and Needham &amp; Company acted as the lead managers for the offering. 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