CAMBRIDGE, Mass.--(BUSINESS WIRE)--WAVE Life Sciences Ltd. (NASDAQ: WVE), a genetic medicines company focused on developing targeted therapies for patients impacted by rare diseases, announced today the pricing of its previously announced underwritten public offering of 4,166,667 of its ordinary shares at a price to the public of $24.00 per ordinary share. Net proceeds to WAVE Life Sciences from the offering are expected to be approximately $93.4 million, after deducting underwriting discounts and commissions and estimated offering expenses. All of the ordinary shares in the offering are being sold by WAVE Life Sciences. In addition, WAVE Life Sciences has granted the underwriters a 30-day option to purchase up to an additional 625,000 of its ordinary shares on the same terms and conditions. The offering is expected to close on or about April 18, 2017, subject to customary closing conditions.

Jefferies, Leerink Partners and Mizuho Securities are acting as joint book-running managers for the offering. JMP Securities and SunTrust Robinson Humphrey are acting as co-managers.

About WAVE Life Sciences

WAVE Life Sciences is a genetic medicines company with an innovative and proprietary synthetic chemistry drug development platform that WAVE is using to design, develop and commercialize a broad pipeline of first-in-class or best-in-class nucleic acid therapeutic candidates for genetically defined diseases. WAVE is initially developing oligonucleotides that target genetic defects to either reduce the expression of disease-promoting proteins or transform the production of dysfunctional mutant proteins into the production of functional proteins.