Pharvaris Announces Proposed Public Offering of Ordinary Shares
Pharvaris (NASDAQ: PHVS), a late-stage biopharmaceutical company focused on bradykinin-mediated diseases, has announced a proposed public offering of $150 million in ordinary shares. The company will also grant underwriters a 30-day option to purchase up to an additional $22.5 million in shares.
The proceeds will fund research and development for late-stage clinical programs, establish a U.S. sales and marketing team, and support working capital needs. Morgan Stanley, Leerink Partners, Cantor, Oppenheimer & Co., and Van Lanschot Kempen are serving as joint book-running managers for the offering.
Pharvaris (NASDAQ: PHVS), un'azienda biofarmaceutica in fase avanzata focalizzata sulle malattie mediate dalla bradichinina, ha annunciato un'offerta pubblica proposta di 150 milioni di dollari in azioni ordinarie. L'azienda concederà inoltre agli underwriter un'opzione di 30 giorni per acquistare fino ad ulteriori 22,5 milioni di dollari in azioni.
I proventi saranno utilizzati per finanziare la ricerca e sviluppo di programmi clinici in fase avanzata, per costituire un team di vendita e marketing negli Stati Uniti e per sostenere le esigenze di capitale circolante. Morgan Stanley, Leerink Partners, Cantor, Oppenheimer & Co. e Van Lanschot Kempen agiranno come joint book-running manager dell'offerta.
Pharvaris (NASDAQ: PHVS), una compañía biofarmacéutica en etapa avanzada enfocada en enfermedades mediadas por bradicinina, ha anunciado una propuesta de oferta pública de 150 millones de dólares en acciones ordinarias. La empresa también otorgará a los suscriptores una opción de 30 días para comprar hasta 22,5 millones de dólares adicionales en acciones.
Los fondos recaudados financiarán la investigación y desarrollo de programas clínicos en etapa avanzada, establecerán un equipo de ventas y marketing en EE. UU. y apoyarán las necesidades de capital de trabajo. Morgan Stanley, Leerink Partners, Cantor, Oppenheimer & Co. y Van Lanschot Kempen actuarán como gestores conjuntos del libro de órdenes para la oferta.
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Pharvaris (NASDAQ : PHVS), une société biopharmaceutique en phase avancée spécialisée dans les maladies médiées par la bradykinine, a annoncé une offre publique proposée de 150 millions de dollars en actions ordinaires. La société accordera également aux souscripteurs une option de 30 jours pour acheter jusqu'à 22,5 millions de dollars supplémentaires en actions.
Les fonds récoltés serviront à financer la recherche et le développement des programmes cliniques en phase avancée, à établir une équipe de vente et de marketing aux États-Unis, et à soutenir les besoins en fonds de roulement. Morgan Stanley, Leerink Partners, Cantor, Oppenheimer & Co. et Van Lanschot Kempen agissent en tant que gestionnaires principaux conjoints de l'offre.
Pharvaris (NASDAQ: PHVS), ein biopharmazeutisches Unternehmen in der Spätphase, das sich auf bradykininvermittelte Erkrankungen spezialisiert hat, hat ein geplantes öffentliches Angebot von 150 Millionen US-Dollar in Form von Stammaktien angekündigt. Dem Unternehmen wird außerdem eine 30-tägige Option eingeräumt, bis zu zusätzliche 22,5 Millionen US-Dollar an Aktien zu erwerben.
Die Erlöse werden zur Finanzierung der Forschung und Entwicklung für klinische Programme in der Spätphase, zum Aufbau eines Vertriebs- und Marketingteams in den USA sowie zur Unterstützung des Betriebskapitals verwendet. Morgan Stanley, Leerink Partners, Cantor, Oppenheimer & Co. und Van Lanschot Kempen fungieren als gemeinsame Bookrunner für das Angebot.
- None.
- Significant dilution for existing shareholders
- Offering size represents substantial capital raise relative to market cap
- No guarantee of offering completion due to market conditions
Insights
Pharvaris announces $150M public offering to fund late-stage HAE programs and US commercialization, signaling confidence but diluting existing shareholders.
Pharvaris is making a significant move to strengthen its financial position with a proposed
The company's decision to pursue this substantial offering suggests management's confidence in their clinical pipeline and upcoming commercialization plans. The proceeds will specifically fund three critical areas: late-stage clinical programs, building a US sales and marketing team, and general working capital. The timing of this offering, coupled with the allocation toward building commercial infrastructure, indicates Pharvaris anticipates potential regulatory approval and commercial launch in the foreseeable future.
From a financial perspective, while this offering will provide Pharvaris with substantial runway to execute its clinical and commercial strategies, it will likely dilute existing shareholders. The offering involves multiple high-profile underwriters including Morgan Stanley, Leerink Partners, and Cantor, which suggests institutional interest in the offering.
The HAE market represents a specialized but lucrative opportunity, with current treatments generating substantial revenues despite the relatively small patient population. Pharvaris's oral bradykinin B2 receptor antagonists could potentially disrupt the market currently dominated by injectable and infused therapies, offering patients a more convenient administration route if approved.
ZUG, Switzerland, July 22, 2025 (GLOBE NEWSWIRE) -- Pharvaris N.V. (“Pharvaris,� Nasdaq: PHVS), a late-stage biopharmaceutical company developing novel, oral bradykinin B2 receptor antagonists to address unmet needs of those living with bradykinin-mediated diseases such as hereditary angioedema (HAE) and acquired angioedema due to C1 inhibitor deficiency (AAE-C1INH), announced today that it intends to offer and sell
Morgan Stanley, Leerink Partners, Cantor, Oppenheimer & Co., and Van Lanschot Kempen are acting as joint book-running managers.
The shares are being offered by Pharvaris pursuant to an effective shelf registration statement that was previously filed with the U.S. Securities and Exchange Commission (the “SEC�). The offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website at .
When available, copies of the final prospectus supplement relating to the offering may be obtained from Morgan Stanley & Co. LLC, 1585 Broadway, 29th Floor, New York, New York 10036, Attention: Equity Syndicate Desk, with a copy to the Legal Department, Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, Massachusetts 02109, by telephone at (800) 808-7525, ext. 6105, or by email at , Cantor Fitzgerald & Co. by mail at Attention: Capital Markets, 110 East 59th Street, New York 10022 or by email at , Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, by telephone at (212) 667-8055, or by email at , and Van Lanschot Kempen (USA) Inc., 880 Third Avenue, 17th floor, New York, New York 10022, or by email at . You may also obtain a copy of this document free of charge by visiting the SEC’s website at .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, 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 the registration or qualification under the securities laws of any such state or jurisdiction.
About Pharvaris N.V.
Pharvaris is a late-stage biopharmaceutical company developing novel, oral bradykinin B2 receptor antagonists to potentially address all types of bradykinin-mediated angioedema. Pharvaris intends to provide injectable-like efficacy� and placebo-like tolerability with the convenience of oral therapies to prevent and treat bradykinin-mediated angioedema attacks. With positive data in both Phase 2 prophylaxis and on-demand studies in HAE, Pharvaris is currently evaluating the efficacy and safety of deucrictibant in a pivotal Phase 3 study for the prevention of HAE attacks (CHAPTER-3) and a pivotal Phase 3 study for the on-demand treatment of HAE attacks (RAPIDe-3).
Pharvaris Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to the Offering and the use of proceeds therefrom, and any statements containing the words “believe,� “anticipate,� “expect,� “estimate,� “may,� “could,� “should,� “would,� “will,� “intend� and similar expressions. These forward-looking statements are based on management’s current expectations, are neither promises nor guarantees, and involve known and unknown risks, uncertainties and other important factors that may cause Pharvaris� actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements. Such risks include but are not limited to the following: fluctuations in the price of Pharvaris� ordinary shares, market conditions and closing conditions relating to the underwritten public offering; the expected timing, progress or success of our clinical development programs, especially for deucrictibant immediate-release capsules and deucrictibant extended-release tablets, which are in late-stage global clinical trials; the timing, costs, and other limitations involved in obtaining regulatory approval for our product candidates, or any other product candidate that we may develop in the future; our ability to market, commercialize, and achieve market acceptance for our product candidates; and the other factors described in the prospectus supplement filed in connection with the offering and under the headings “Cautionary Statement Regarding Forward-Looking Statements� and “Item 3. Key Information—D. Risk Factors� in our Annual Report on Form 20-F and other periodic filings with the U.S. Securities and Exchange Commission. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. While Pharvaris may elect to update such forward-looking statements at some point in the future, Pharvaris disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be relied upon as representing Pharvaris� views as of any date subsequent to the date of this press release.
Source: Pharvaris N.V.

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