trending Market Intelligence /marketintelligence/en/news-insights/trending/ZUsuWaosO3zBMRZitMi54w2 content esgSubNav
In This List

Opthea to raise $45M in entitlement offer, institutional placement

Blog

Commercial Banking: June 22nd Edition

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Commercial Banking Newsletter June Edition - 2022

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Opthea to raise $45M in entitlement offer, institutional placement

Australia's Opthea Ltd. launched an entitlement offer and institutional placement to raise about A$45 million.

The company said it will use proceeds from the offer to expand the clinical development of OPT-302 as a therapy for eye disease.

Under the offer, new shares will be issued at a price of 93 cents per share. The entitlement offer and institutional placement will close April 4.

As of March 31, US$1 was equivalent to A$1.31.