Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Epizyme Heads Back to Wall Street, Plans $140M Raise

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Epizyme (NASDAQ: EPZM  ) saw its stock jump up a few weeks ago after hitting a milestone in its big partnership with Celgene. Now it plans to use some of that momentum to raise some more cash from public investors.

On Monday morning, Cambridge, MA-based Epizyme filed papers with the Securities and Exchange Commission showing it plans to raise as much as $140 million in cash through a public offering of stock. Epizyme hasn't priced the offerings or said how many shares it plans to sell as of yet, but it would use the cash to help bankroll early clinical trials of EPZ-5676 and EPZ-6438, two epigenetic drug candidates it's developing to treat patients with genetically defined subtypes of blood cancers like acute myeloid leukemia and non-Hodgkin's lymphoma.

The planned raise comes about eight months after Epizyme first went public at $15 per share, hauling in around $80 million in one of the more successful biotech IPOs of 2013. Epizyme's shares have since gone through some big ups and downs after early looks into the first clinical trial for EPZ-5676.

Most recently, that was a swing upward. Epizyme got a $25 million milestone payment from Summit, NJ-based Celgene after a few measurable responses were seen in some patients with mixed lineage leukemia taking EPZ-5676, and shares soared about 75 percent, to about $36 apiece from $20.50.

Epizyme said recently it expected to have about $145 million in cash and accounts receivable by the end of 2013. It plans to have four proof-of-concept studies up and running this year that would test both of its drug candidates in five genetically defined cancer patient groups.

The Motley Fool's Top Stock for 2014
There's a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

This article originally appeared on Xconomy, along with:

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2810796, ~/Articles/ArticleHandler.aspx, 9/1/2015 6:47:57 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Xconomy is dedicated to providing business and technology leaders with timely, insightful, close-to-the-scene information about the local personalities, companies, and technological trends that best exemplify today’s high-tech economy. Find out more at

Today's Market

updated Moments ago Sponsored by:
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASD 4,636.11 -140.40 -2.94%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/1/2015 3:59 PM
EPZM $19.63 Down -0.37 -1.85%
Epizyme CAPS Rating: ****