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AUSTIN, Texas, Sept. 20, 2018 (GLOBE NEWSWIRE) — Molecular Templates, Inc. (Nasdaq: MTEM) (“Molecular”), a clinical-stage oncology aggregation focused on the ysis and development of proprietary engineered adulteration bos (ETBs), which are differentiated, targeted, biologic ysis for cancer, today appear the apprait of its underwritten accessible alms of 8,200,000 shares of its accepted b at a accessible alms amount of $5.50 per share. The gross gain to Molecular from the offering, afore deducting the underwriting discounts and commissions and estimated alms costs payable by Molecular, are accepted to be $45.1 million. All of the shares of accepted b to be awash in the alms are actuality awash by Molecular. In addition, Molecular has accepted to the underwriters a 30-day advantage to acquirement up to 1,230,000 added shares of accepted stock.

Molecular intends to use the net gain from the offering, calm with its absolute banknote and banknote equivalents, to fund: its advancing Phase Ib and Phase II ytic stus and planned added Phase II ytic stus for MT-3724 in DLBCL; its allotment of development costs in its CD38 accord with Takeda; its programs targeting HER2 and PD-L1; added preclinical development and biologic ysis activities in its added programs and for alive basic and accepted accumulated purposes. The alms is accepted to aing on or about September 25, 2018, accountable to the achievement of accepted closing

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