Vital Therapies plans to price initial public offering of common stock

Credit Suisse, William Blair are bookrunners; Cowen, Canaccord assist

By Devika Patel

Knoxville, Tenn., Oct. 11 - Vital Therapies, Inc. will conduct an initial public offering of its common stock with a greenshoe option, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

Credit Suisse and William Blair are the joint bookrunning managers. Cowen and Co. and Canaccord Genuity are the co-managers.

Proceeds will be used for the development and possible approval of ELAD, the Phase 3 clinical development of ELAD, working capital and other general corporate purposes.

The biotherapeutic company is based in San Diego. It intends to list its common stock on the Nasdaq under the symbol "VTL."

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