AP NEWS

RTW Investments Announces Private Placement Transaction with Rocket Pharmaceuticals, Inc.

November 28, 2018

NEW YORK--(BUSINESS WIRE)--Nov 28, 2018--RTW Investments, LP (“RTW”) today announced the purchase of 967,742 shares of common stock of Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) (“Rocket” or the “Company”) at a price of $15.50 per share, for a total investment amount of $15 million, in a private placement transaction. RTW is an existing stockholder of the Company and an affiliate of Roderick Wong, the chairman of Rocket’s board of directors. The purchase of these shares is being made on the same terms as are being offered to the public in Rocket’s underwritten offering of $55 million of shares of common stock and will close concurrently with the underwritten offering. RTW has signed a 90-day lock-up covering all of its holdings in Rocket. The sale of shares to RTW is not registered under the Securities Act of 1933, as amended, and such shares will be subject to customary resale restrictions.

LifeSci Capital LLC is acting as sole placement agent for the sale of shares to RTW.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About RTW Investments:

RTW is a New York-based investment firm that focuses on identifying transformational and disruptive innovations in healthcare. As a leading partner of industry and academia, RTW utilizes deep scientific expertise and a rigorous and comprehensive process to support emerging medical therapies. For further information about RTW, please visit www.rtwfunds.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181128005330/en/

CONTACT: Stephanie Sirota

Chief Business Officer

www.rtwfunds.com

ir@rtwfunds.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: RTW Investments

Copyright Business Wire 2018.

PUB: 11/28/2018 07:30 AM/DISC: 11/28/2018 07:30 AM

http://www.businesswire.com/news/home/20181128005330/en

AP RADIO
Update hourly