PITTSBURGH, June 24, 2019 (GLOBE NEWSWIRE) -- Krystal Biotech, Inc. (Nasdaq: KRYS), a gene therapy company dedicated to developing and commercializing novel treatments for patients suffering from dermatological diseases, today announced that it has priced the previously announced underwritten public offering of 2,500,000 shares of its common stock, at a public offering price of $40.00 per share. The Company granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of its common stock. The gross proceeds to the Company from this offering are expected to be approximately $100.0 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by the Company. The offering is expected to close on or about June 27, 2019. The offering is subject to market and other conditions, and there can be no assurances as to whether or when the offering may be completed.

Goldman Sachs & Co. LLC and Cowen are acting as joint book-running managers for the offering. William Blair is acting as lead manager for the offering, and Chardan, H.C. Wainwright & Co. and Ladenburg Thalmann are acting as co-managers for the offering.

About Krystal Biotech

Krystal Biotech, Inc. (Nasdaq: KRYS) is a gene therapy company dedicated to developing and commercializing novel treatments for patients suffering from dermatological diseases.