AVROBIO Closes Underwritten Public Offering

7/21/19

CAMBRIDGE, Mass.--(BUSINESS WIRE)--AVROBIO, Inc. (NASDAQ: AVRO), a Phase 2 clinical-stage gene therapy company, today announced the closing of its previously announced underwritten public offering of 7,475,000 shares of its common stock, including 975,000 shares of its common stock pursuant to the underwriters’ exercise in full of their option to purchase additional shares at the public offering price, less underwriting discounts and commissions. The aggregate gross proceeds to the Company from the offering, including the shares sold pursuant to the underwriters’ option, before deducting underwriting discounts and commission and estimated offering expenses, totaled $138.3 million.

Morgan Stanley, Cowen and Wells Fargo Securities acted as joint book-running managers for the offering, Guggenheim Securities acted as lead manager, and Wedbush PacGrow and H.C. Wainwright & Co. acted as co-managers.

About AVROBIO, Inc. AVROBIO, Inc., is a Phase 2 clinical-stage gene therapy company. AVROBIO is focused on the development of its investigational gene therapy, AVR-RD-01, in Fabry disease, as well as additional gene therapy programs in other lysosomal storage disorders including Gaucher disease, cystinosis and Pompe disease.

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