# CRESCENT BIOPHARMA, INC. (CBIO) — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_31f06cf105f5a0f1ee24 · retrieved 2026-08-11T16:13:20.458Z

## Overview
Crescent Biopharma is a clinical-stage biotechnology company dedicated to rapidly advancing the next wave of therapies for cancer patients, with a pipeline including a PD-1 x VEGF bispecific antibody and novel antibody-drug conjugates (ADCs).

Crescent Biopharma, Inc. completed a public offering of ordinary shares and pre-funded warrants in July 2026, generating gross proceeds of $143.7 million before underwriting discounts, commissions, and other offering expenses. The company's pro forma cash position as of June 30, 2026, reflecting an additional $133.5 million in net proceeds from the July 2026 offering, was $305.1 million. The offering extended the company's expected cash runway into the second half of 2028.

## Terms
- Deal value: $143.7M · Consideration: mixed

## Key dates
- Announced 2026-07-30

## Timeline
- 2026-07-30 · 8-K (0001628280-26-050805): 8-K - CRESCENT BIOPHARMA, INC. — *Crescent Biopharma is a clinical-stage biotechnology company dedicated to rapidly advancing the next wave of therapies for cancer patients, with a pipeline including a PD-1 x VEGF bispecific antibody and novel antibody-drug conjugates (ADCs).* Crescent Biopharma, Inc. completed a public offering of ordinary shares and pre-funded warrants in July 2026, generating gross proceeds of $143.7 million before underwriting discounts, commissions, and other offering expenses. The company's pro forma cash position as of June 30, 2026, reflecting an additional $133.5 million in net proceeds from the July 2026 offering, was $305.1 million. The offering extended the company's expected cash runway into the second half of 2028.
  https://www.sec.gov/Archives/edgar/data/1253689/0001628280-26-050805.txt

## Citations
- 0001628280-26-050805 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026050805