RTTNews | Jan 28, 2021 09:53AM EST

09:53 Thursday, January 28, 2021 (RTTNews.com) - Shares of biopharmaceutical company CureVac N.V. (CVAC) are falling more than 7% Thursday morning at $87.70.

The company today priced the follow-on public offering of 5 million common shares at $90.00 per share for total gross proceeds of about $450 million.

The offering is expected to close on February 1, 2021.

CVAC has been trading in the range of $36.15- $151.8 in the last one year.

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