Jade Biosciences (Nasdaq: JBIO) Secures $45 Million in Private Placement
On December 15, 2025, Jade Biosciences, Inc. (Nasdaq: JBIO), a clinical-stage biotechnology firm, announced a significant financing agreement with BB Biotech. This private placement is expected to yield approximately $45 million in gross proceeds for the company, enhancing its capabilities in developing therapies for autoimmune diseases.
Details of the Private Placement
In accordance with the securities purchase agreement, Jade Biosciences will issue a total of 3,214,286 shares of its common stock at a price of $14.00 per share. This financing arrangement is set to close on or around December 16, 2025, pending customary closing conditions.
- Gross Proceeds: Approximately $45 million
- Price per Share: $14.00
- Share Count: 3,214,286 shares
- Expected Closing Date: December 16, 2025
The funds from this private placement will be allocated towards research and development, covering general corporate expenses, and addressing working capital needs.
Compliance and Registration Rights
The securities involved in this transaction are not registered under the Securities Act of 1933 and cannot be resold in the U.S. unless in compliance with applicable regulations. Additionally, Jade and BB Biotech have entered into a registration rights agreement, obligating the company to file a registration statement with the Securities and Exchange Commission (SEC) to enable the resale of these shares.
About Jade Biosciences
Jade Biosciences is dedicated to creating advanced therapies for autoimmune diseases. Currently, the company’s lead drug candidate, JADE101, is being evaluated in a Phase 1 clinical trial to treat immunoglobulin A nephropathy. Additionally, the company’s pipeline features JADE201, an afucosylated anti-BAFF-R monoclonal antibody, alongside JADE-003, an undisclosed antibody discovery program.
Jade was established by licensing assets from Paragon Therapeutics, an innovative antibody discovery platform founded by Fairmount.
Forward-Looking Statements
Statements made in this announcement that are not purely historical may be classified as “forward-looking statements” under federal securities laws. These statements encompass Jade’s expectations regarding the <>future of its drug trial pipeline, potential market conditions, and the anticipated completion and timing of the private placement.
Investors should be aware that actual results may differ significantly due to various risks and uncertainties, including market fluctuations and development challenges.