OctoPlus to raise 25M euros to fund pipeline development
OctoPlus NV, a Dutch drug delivery and development company, says that it plans to raise up to 25.0 million euros ($36.2 million) in a follow-on financing through a public offering of new shares in the Netherlands and a private placement with institutional investors in certain other jurisdictions. The offer price will be determined on the basis of a book-building process and the proceeds will be used primarily for the further development of OctoPlus' product pipeline, including its lead product Locteron (interferon alfa, controlled-release).
Cowen International and Kempen Co have been appointed as joint bookrunners and joint global coordinators for the offer, and SNS Securities will act as co-manager).
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