BioAlliance Pharma unveils €16M rights issue
This article was originally published in Scrip
Executive Summary
BioAlliance Pharma, the Paris-based specialty and orphan oncology company, is intending to raise €16 million through the issue of 3,395,943 shares at €4.90 each. The capital raised will be used to continue development of Livitag (Doxorubicin Transdrug) to treat primary liver cancer, secure additional orphan assets, and longer term consider strategic commercialisation options in some territories. Holders of existing shares will be able to buy one share for every four they already own.
You may also be interested in...
AI Firm Healx Raises $56M To Develop Affordable Rare Disease Treatments
Cambridge, UK-based Healx has concluded a $56m series B round, led by Atomico, to put up to 50 potential rare disease treatments into the clinic within two years using its AI/ML platform.
Abalos Raises €12M Series A To Develop Arenavirus-Based Cancer Therapies
Tapping into the ability of arenaviruses to deliver prolonged local immune activation, rapid regression of localized and metastatic cancers, and long-term disease control, Essen, Germany-based start-up Abalos Therapeutics has raised €12m to advance its lead candidates towards clinical testing.
Despite BMS Bid, Celgene Pays $75m Upfront For Immatics Assets Options
Celgene agrees to pay $75m upfront for options to three Immatics TCR-T targets for solid tumors. Deal could be worth up to $1.59bn to the German biotech, which also retains option to co-develop and co-fund certain licensed products.