DICERNA PHARMACEUTICALS, INC. (NASDAQ:DRNA) Files An 8-K Other Events
Item 8.01 Other Events.

On April 11, 2017, Dicerna Pharmaceuticals, Inc., a Delaware corporation (the “Company”), closed its previously announced stock purchase transaction for the sale of redeemable convertible preferred stock (“Preferred Stock”) to a syndicate of current and new investors led by Bain Capital Life Sciences Fund, L.P., under which the Company received gross proceeds of $70.0 million. At the closing, the Company issued 700,000 shares of Preferred Stock which are convertible into common shares at an initial conversion price of $3.19 per share.

About DICERNA PHARMACEUTICALS, INC. (NASDAQ:DRNA)

Dicerna Pharmaceuticals, Inc. is a ribonucleic acid (RNA) interference-based biopharmaceutical company. The Company operates in the segment of discovery, research and development of treatments based on its RNA interference (RNAi) technology platform. The Company is focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined. The Company uses its RNAi technology platform to build a pipeline in these therapeutic areas. The Company develops dacryocystorhinostomy (DCR)-Primary Hyperoxaluria Type 1 (PH1) for the treatment of PH1 by targeting the gene encoding the liver enzyme glycolate oxidase. The Company uses its dicer substrate RNA (DsiRNA)-EX Conjugate technology to develop a subcutaneously injected treatment for PH1. The Company develops DCR-MYC for the treatment of MYC-related cancers, including hepatocellular carcinoma (HCC) and pancreatic neuroendocrine tumors (PNET).

DICERNA PHARMACEUTICALS, INC. (NASDAQ:DRNA) Recent Trading Information

DICERNA PHARMACEUTICALS, INC. (NASDAQ:DRNA) closed its last trading session down -0.09 at 3.47 with 501,139 shares trading hands.