June 9, 2020 / 5:49 AM / 2 months ago

BRIEF-Onxeo Announces Capital Increase Of 7.3 Million Euros

June 9 (Reuters) - ONXEO SA:

* ONXEO ANNOUNCES A CAPITAL INCREASE OF €7.3 MILLION BY PRIVATE PLACEMENT TO INVUS AND FINANCIÈRE DE LA MONTAGNE, THE COMPANY’S HISTORICAL SHAREHOLDER

* THE FUNDS RAISED WILL ACCELERATE THE DEVELOPMENT OF ONXEO’S PROGRAMS, AND EXTEND ITS CASH RUNWAY INTO Q1 2022

* THIS PLACEMENT WILL ENABLE ONXEO TO ACCELERATE DEVELOPMENT OF BOTH ASIDNA AND OX401 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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