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Napo nets £3.15mm with private financing

Executive Summary

Napo Pharmaceuticals, a US firm that lists on the London Stock Exchange, netted £3.15mm ($6.17mm) in a private placement of 3.5mm shares at £0.95 each (market average) to undisclosed investors. The company will use the funds to move its NP500 into Phase II trials for Type II diabetes and metabolic syndrome, and to explore a low-dose version of its Phase III crofelemer for HIV/AIDS-related diarrhea.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Molecular Diversity
        • Natural Products
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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