Date: 2012-03-29
Type of information: Private placement
Company: Thrombogenics (Belgium)
Investors: domestic and international investors - undisclosed qualified institutional buyers in the United States
Amount: €77.8 million
Funding type: private placement
Planned used: The funds will be used by ThromboGenics to execute the U.S. launch and commercialization of ocriplasmin, potentially the first pharmacological treatment for symptomatic Vitreomacular Adhesion (VMA) including macular hole. They will also be used to fund the clinical development of ocriplasmin for additional indications on a 50:50 basis with Alcon. The two companies have recently concluded an agreement for the commercialization of ocriplasmin in non U.S. markets.
Others: ThromboGenics has raised €77.8 million through a private placement via an accelerated bookbuilding procedure announced on Wednesday 28 March 2012 after the market closed. The private placement has allowed ThromboGenics to place 3,244,675 new shares with a range of domestic and international investors and qualified institutional buyers in the United States at a price of €24 per share, a 3.5% discount on the previous closing price. This represents 9.99% of the current number of outstanding shares and will bring the total number of shares after the issue to 35,691,432. The new shares will be admitted to listing on NYSE Euronext Brussels following their issuance, which is expected to take place on 3 April 2012.
Therapeutic area: Ophtalmological diseases
