August 28, 2017 / 11:46 AM / a month ago

BRIEF-Atyr Pharma announces $45 million equity financing

Aug 28 (Reuters) - Atyr Pharma Inc

* Atyr Pharma announces $45 million equity financing

* Investors agreed to purchase 5.9 million shares of common stock at $2.65 per share

* Private placement is being led by Viking Global Investors with participation from ECOR1 Capital and Redmile Group

* Expects to use proceeds from transaction to advance pipeline of Innovative Therapeutic candidate programs based on knowledge of Resokin Pathway​

* Viking Global Investors has also agreed to purchase 2.3 million shares of non-voting class X preferred stock at $13.25 per share Source text for Eikon: Further company coverage:

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