Savara Completes Public Offering with Full Exercise of Underwriters' Option, Achieving Total Gross Proceeds of $149.5 Million
Savara Inc. Public Offering: Savara Inc. has completed an underwritten public offering of 28,452,381 shares of common stock at $4.20 per share, raising approximately $149.5 million in gross proceeds.
Warrants and Underwriters: The offering included pre-funded warrants for 7,142,857 shares at $4.199 each, with Jefferies, Piper Sandler, and Guggenheim Securities serving as joint book-running managers.
Regulatory Compliance: The securities were offered under an existing shelf registration statement filed with the SEC, with the final prospectus supplement filed on October 30, 2025.
Company Focus: Savara is a clinical stage biopharmaceutical company specializing in rare respiratory diseases, with its lead program, MOLBREEVI, in Phase 3 development for autoimmune pulmonary alveolar proteinosis.
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- Loan Agreement Amendment: Savara amended its loan agreement with Hercules Capital to access an additional $75 million upon FDA approval of MOLBREEVI, thereby strengthening its liquidity and financial stability.
- Increased Capital Availability: With the addition of the $75 million royalty financing, Savara will have approximately $150 million in non-dilutive capital to support the launch of MOLBREEVI, ensuring a competitive edge in the biopharmaceutical market.
- Market Potential Assessment: A U.S. claims analysis by Savara revealed that the autoimmune pulmonary alveolar proteinosis market is 50% larger than previously estimated, providing a robust foundation for MOLBREEVI's commercialization and expected sales growth.
- Regulatory Application Progress: Savara resubmitted the Biologics License Application for MOLBREEVI in December 2025, and if granted Priority Review, FDA approval could be achieved by Q3 2026, further accelerating the product launch timeline.
- Legal Investigation Launched: Bragar Eagel & Squire, P.C. is investigating Savara, Inc. (NASDAQ:SVRA) to determine if the board breached fiduciary duties, particularly in light of a class action complaint filed on September 8, 2025.
- Significant Shareholder Losses: On May 27, 2025, Savara announced that its MOLBREEVI Biologics License Application was rejected by the FDA, causing a stock price drop of $0.90, or 31.69%, closing at $1.94, resulting in substantial losses for long-term shareholders.
- Insufficient Disclosure: The complaint alleges that during the class period, Savara failed to disclose critical information regarding the MOLBREEVI BLA, leading to the FDA's unlikely approval in its current form, which adversely affected the company's capital raising plans.
- Next Steps Recommended: Bragar Eagel & Squire encourages long-term shareholders of Savara to contact them to discuss legal rights and potential claims, highlighting the firm's commitment to protecting investor interests.

- Exclusive Distribution Agreement: Savara has entered into an exclusive distribution agreement with PANTHERx to ensure the dispensing of MOLBREEVI in the U.S., leveraging PANTHERx's RxARECARE® model to provide personalized patient support services, thereby enhancing patient treatment experience and adherence.
- Biologics License Application: Savara submitted the BLA for MOLBREEVI to the FDA in December 2025, and if granted priority review approval, it will offer a new treatment option for patients with autoimmune pulmonary alveolar proteinosis, significantly improving their quality of life.
- Innovative Drug Development: MOLBREEVI is a recombinant human granulocyte-macrophage colony-stimulating factor delivered via the eFlow® nebulizer system, aimed at restoring macrophage surfactant clearance activity, which is crucial for improving oxygenation and lung function, highlighting its clinical significance.
- Market Potential: Autoimmune pulmonary alveolar proteinosis is a rare and chronic lung disease, and Savara's MOLBREEVI is poised to fill a market gap, addressing the urgent treatment needs of patients and further advancing the company's strategic positioning in the rare disease sector.
- Credit Support: Galectin Therapeutics Inc. secured a $10 million credit line, ensuring funding to cover expected expenditures through March 2027, thereby enhancing its R&D capabilities in the NASH cirrhosis treatment space.
- FDA Guidance: The FDA provided written feedback on Galectin's regulatory pathway for belapectin, marking a significant advancement in the company's drug development efforts, which could expedite its product's market entry.
- Market Reaction: Galectin's stock rose by 1% to $4.03 in Wednesday's trading, reflecting investor optimism regarding its financing and FDA support.
- Strategic Implications: This credit line and FDA guidance will provide Galectin with essential funding and regulatory backing in the competitive biopharmaceutical market, aiding its future clinical trials and market launch efforts.

- Resubmission of Application: Savara Inc. has resubmitted the MOLBREEVI Biologics License Application (BLA) to the FDA, designating Fujifilm as the drug substance manufacturer, aiming to treat autoimmune pulmonary alveolar proteinosis, demonstrating the company's ongoing commitment to rare respiratory diseases.
- Priority Review Request: The application requests Priority Review, indicating Savara's desire to expedite the approval process to provide treatment to patients as soon as possible, reflecting the company's keen awareness of market demand and commitment to patient welfare.
- Multiple Designations: MOLBREEVI has received Fast Track and Breakthrough Therapy designations from the FDA, as well as Orphan Drug designation from the EMA, highlighting its potential in treating autoimmune PAP and possibly presenting significant market opportunities for Savara.
- Clinical Stage Advancement: Currently in Phase 3 development, MOLBREEVI is delivered via the proprietary eFlow® Nebulizer System, indicating Savara's capability in advancing product candidates to market, which may lay the groundwork for future commercialization efforts.
- Price Target Increase: BofA Securities raised the price target for ArcBest Corporation from $72 to $84 while maintaining a Neutral rating, indicating a cautiously optimistic outlook on the company's future performance.
- Market Performance: ArcBest shares closed at $77.69 on Monday, reflecting stable market confidence in the company's prospects despite no change in analyst ratings.
- Competitive Analysis: The price target increase for ArcBest amidst other analysts' rating changes may attract more investor attention, potentially enhancing its market position.
- Industry Trends: The upward revision of ArcBest's price target suggests analysts' confidence in the logistics industry's recovery, which could further drive potential stock price increases for the company.








