APELLIS PHARMACEUTICALS, INC.

(APLS)
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Delayed Nasdaq  -  04:00 2022-08-12 pm EDT
67.95 USD   +3.80%
08/09Credit Suisse Raises Apellis Pharmaceuticals' Price Target to $52 from $49, Updates Model with Q2 Actuals; Keeps Neutral Rating
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08/09Raymond James Adjusts Price Target on Apellis Pharmaceuticals to $113 From $102, Reiterates Strong Buy Rating
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08/09Goldman Sachs Adjusts Price Target on Apellis Pharmaceuticals to $102 From $91, Reiterates Buy Rating
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Apellis Pharmaceuticals : Announces Closing of Previously Announced Exchanges of Approximately $201.1 Million in Principal Amount of Its 3.500% Convertible Senior Notes Due 2026 for Common Stock (Form 8-K)

07/26/2021 | 07:48am EDT

Apellis Announces Closing of Previously Announced Exchanges of Approximately $201.1 Million in Principal Amount of Its 3.500% Convertible Senior Notes Due 2026 for Common Stock

July 26, 2021

WALTHAM, Mass., July 26, 2021 (GLOBE NEWSWIRE) - Apellis Pharmaceuticals, Inc. (Nasdaq:APLS), a global biopharmaceutical company and leader in targeted C3 therapies, today announced the closing of its previously announced privately negotiated exchange transactions (the 'Exchange Transactions') with certain holders of its 3.500% Convertible Senior Notes due 2026 (the 'Notes'). In the Exchange Transactions, the holders exchanged approximately $201.1 million in aggregate principal amount of Notes and Apellis issued an aggregate of 5,992,217 shares of its common stock.

The shares of Apellis' common stock issued in the exchanges were not registered under the Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and such other jurisdictions.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apellis

Apellis Pharmaceuticals, Inc. is a global biopharmaceutical company that is committed to leveraging courageous science, creativity, and compassion to deliver life-changing therapies. Leaders in targeted C3 therapies, we aim to develop transformative therapies for a broad range of debilitating diseases that are driven by excessive activation of the complement cascade, including those within hematology, ophthalmology, nephrology, and neurology.

Disclaimer

Apellis Pharmaceuticals Inc. published this content on 26 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2021 11:47:08 UTC.


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Analyst Recommendations on APELLIS PHARMACEUTICALS, INC.
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Financials (USD)
Sales 2022 81,3 M - -
Net income 2022 -621 M - -
Net cash 2022 229 M - -
P/E ratio 2022 -11,5x
Yield 2022 -
Capitalization 7 465 M 7 465 M -
EV / Sales 2022 89,1x
EV / Sales 2023 27,1x
Nbr of Employees 476
Free-Float 83,5%
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Number of Analysts 18
Last Close Price 67,95 $
Average target price 74,71 $
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Cedric Francois President, Chief Executive Officer & Director
Timothy Eugene Sullivan Chief Financial Officer & Treasurer
Lok Chung Chan Chairman
Pascal Deschatelets Chief Scientific Officer
Federico Grossi Chief Medical Officer
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