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Transgene rights issue could fund new manufacturing plant

This article was originally published in Scrip

Executive Summary

Transgene has launched a rights offering for a capital increase of about €152 million, after announcing its intention in March to raise around €100-150 million (scripnews.com, 24 March 2010). The French firm hopes that this will be the last fundraising it needs as it aims to become a profitable biopharmaceutical company within five years. A spokesperson told Scrip that a large part of the funds could be invested in new manufacturing facilities.

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