trending Market Intelligence /marketintelligence/en/news-insights/trending/kds_8jrzuynt1y5jet72lg2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

RedHill Biopharma prices offering, expects to raise $25M


COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021


Climate Credit Analytics: Linking climate scenarios to financial impacts


Global M&A Infographic Q1 2021


Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

RedHill Biopharma prices offering, expects to raise $25M

Israel's RedHill Biopharma Ltd. priced an offering of 4,166,667 American depositary shares at $6 per ADS.

Each of RedHill Biopharma's ADSs represents 10 ordinary shares, the company said in an Aug. 9 news release.

The company expects gross proceeds of about $25 million from the offering, which is expected to close Aug. 14.

RedHill Biopharma intends to use the net proceeds from the offering to fund phase 3 studies for its Crohn's disease treatment, RHB-104, as well as antibiotic RHB-204.

Ladenburg Thalmann & Co. Inc. is acting as the sole book-running manager for the offering.

Funds will also be used for commercial operations, including the launch of a drug for stomach infection called Talicia as well as acquisitions and general corporate purposes.