April 13, 2018 / 6:33 AM / 7 months ago

BRIEF-Inventiva Raises Capital Increase of 35.5 Million Euros

April 13 (Reuters) - Inventiva SA:

* INVENTIVA RAISES €35.5 MILLION THROUGH A CAPITAL INCREASE WITH EUROPEAN AND US INVESTORS

* INTENDS TO USE NET PROCEEDS FROM THIS CAPITAL INCREASE AS FOLLOWS

* TO USE EUR 12 MILLION TO ENSURE CLINICAL DEVELOPMENT OF ODIPARCIL

* TO USE NET PROCEEDS; EUR 3.5 MILLION TO ENSURE DEVELOPMENT OF ON-GOING DISCOVERY PROGRAMMES

* EUR 16 MILLION TO ENSURE CLINICAL DEVELOPMENT OF LANIFIBRANOR

* EXPECTED TO PROVIDE COMPANY WITH A CASH RUNWAY BASED ON ON-GOING PROGRAMMES TO MID-2020

* ISSUED 5,572,500 NEW SHARES WITH A PAR VALUE OF EUR 0.01 AT A PRICE OF EUR 6.37 PER SHARE

* AND WILL USE REMAINDER TO FINANCE OTHER CORPORATE PURPOSES

* ISSUE PRICE OF NEW SHARES REPRESENTED A DISCOUNT OF 20% TO 3 DAY VOLUME WEIGHTED AVERAGE PRICE PRECEDING PRICING Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below