Mesoblast has raised A$52.5m ($40m) from a fully underwritten private placement of shares to its existing global institutional investors, as well as new institutional and sophisticated investors.

The placement included 26.25 million shares priced at A$2 ($1.52) a share.

The proceeds are intended to be used for the ongoing phase III clinical trial programmes and for manufacturing of commercialised products.

Mesoblast is a regenerative medicines company based in Australia.

Irish biopharmaceutical company Orexigen Therapeutics Ireland, a subsidiary of Orexigen Therapeutics, has signed a distribution agreement with Italian pharmaceutical company Bruno Farmaceutici.

“The proceeds are intended to be used for the ongoing phase III clinical trial programmes and for manufacturing of commercialised products.”

The latter will commercialise the former’s drug Mysimba from the fourth quarter of this year, under the agreement.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Bruno will also be responsible for the commercialisation and associated expenses of the drug.

Orexigen will make Bruno upfront milestone payments, as well as additional payments based on the achievement of sales-based milestones.

Taiwan-based pharmaceutical company Savior Lifetec Corporation intends to raise NT$700m ($23.06m) through a public offering of first series domestic secured convertible corporate bonds in order to repay its bank loan.

The bonds will be issued at a price of NT$100,000 ($3,294.3) each and will have a maturity period of three years.