trending Market Intelligence /marketintelligence/en/news-insights/trending/3MofSd5JHlw3WAYOJUMpFQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Genfit discloses share count for Nasdaq IPO; concurrent private placement

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Genfit discloses share count for Nasdaq IPO; concurrent private placement

French biopharmaceutical company Genfit SAplans to sell its American depositary shares in an IPO and its ordinary shares in a concurrent private placement.

Each American depositary share will represent 1 ordinary share in the IPO and will be sold to investors in the U.S. The ordinary shares being offered in the private placement will be sold to investors in Europe and other countries outside the U.S.

Genfit plans to sell 5 million ordinary shares through the IPO and private placement. The company also plans to grant the underwriters an option to buy additional ADSs or ordinary shares in an amount up to 15% of the total number of ADSs and ordinary shares being sold in the offerings.

The company has applied to list the ADSs on the Nasdaq Global Market under the symbol GNFT. Genfit's ordinary shares are listed on the Euronext Paris under the symbol GNFT.

Genfit plans to use net proceeds of about €44.5 million to complete the ongoing phase 3 study of Genfit's medicine elafibranor for treating the liver disease known as nonalcoholic steatohepatitis, or NASH, and the launch of a phase 4 study as well as for regulatory approvals from the U.S. Food and Drug Administration and European Medicines Agency.

About €13.3 million of the net proceeds will be used to fund the potential commercialization of elafibranor for treating NASH.

In addition, €31.1 million of the proceeds will finance a phase 3 study of elafibranor to treat another liver disease, primary biliary cholangitis. Genfit also plans to use about €5.3 million of the proceeds to advance the commercial development of its in vitro diagnostic test to identify patients with NASH who may be appropriate candidates for drug therapy.

Another €5.3 million of the net proceeds will be used to further research the use of elafibranor as a potential backbone for combination therapies in order to launch two planned proof-of-concept studies. The remaining net proceeds will be used for working capital and for general corporate purposes.

Closings of the U.S. IPO and the European private placement will occur simultaneously.

SVB Leerink and Barclays are acting as joint global coordinators for both offerings and joint book runners for the U.S. IPO. Roth Capital Partners and H.C. Wainwright & Co. are acting as co-managers for the U.S. IPO. Bryan Garnier & Co. Ltd. and Natixis are acting as joint book runners with respect to the private placement.

Genfit develops therapeutic and diagnostic solutions primarily targeting liver diseases.