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BRIEF-Zealand Pharma raises DKK 143 million via private placement
September 30, 2016 / 6:01 AM / a year ago

BRIEF-Zealand Pharma raises DKK 143 million via private placement

Sept 30 (Reuters) - Zealand Pharma A/S :

* Says has raised 143 million Danish crowns / $22 million through private placement of new shares

* New share issue was backed by U.S. and European biotech specialist investors

* Subscription price of new shares was determined at 96.90 crowns in accelerated book building process

* Private placement was launched on Sept. 29

* Later on Thursday resolved to increase size of offering to up to 1,475,221 new Zealand shares from 1,229,351 new shares, and to shorten offer period and close offering immediately

* Said intends to use proceeds to fund continued development of key clinical stage product candidates in its pipeline

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