Troutman Pepper Represents Bloom Burton in Satellos Public Offering

WASHINGTON, D.C. – Satellos Bioscience Inc. (Satellos or Company), a public biotech company developing new small molecule therapeutic approaches to improve the treatment of muscle diseases and disorders, recently announced the pricing and terms of its approximately US$40 million overnight marketed public offering of its common shares in Canada and a concurrent private placement in the United States and elsewhere. Troutman Pepper represented the lead agent, Bloom Burton, in the US offering. Read a company press release about the offering.

Satellos is a clinical-stage drug development company dedicated to developing life-improving medicines to treat degenerative muscle diseases. Satellos has invented SAT-3247 as a first-of-its-kind, orally administered small molecule drug designed to restore skeletal muscle regeneration initially in Duchenne muscular dystrophy (DMD). Satellos has generated a significant body of preclinical evidence in DMD to support its discovery that correcting muscle stem cell polarity with SAT-3247 has the potential to restore skeletal muscle regeneration to repair and strengthen muscle that has been damaged.

The Troutman Pepper team advising Bloom Burton in the offering included Thomas Rose and Shona Smith.

Troutman Pepper is a go-to firm for life sciences transactions with a large, multidisciplinary team with a deep understanding of the space. The firm regularly advises pharmaceutical, biotech, medical device, diagnostics, and other life sciences clients on all types of corporate matters — governance and general corporate advice; M&A transactions; licensing transactions and other complex collaborations; IPOs, follow-on public offerings, PIPE transactions, and other capital markets transactions; seed and later-stage venture capital financings; and much more.

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