May 5, 2020 / 3:54 PM / a month ago

BRIEF-Oncopeptides aims to raise 1.2 bln SEK in share issue

May 5 (Reuters) - Oncopeptides AB:

* ONCOPEPTIDES INTENDS TO CARRY OUT A DIRECTED SHARE ISSUE

* ONCOPEPTIDES AB SAYS IT IS INTENDED THAT APPROXIMATELY SEK 1,180 MILLION (USD 120 MILLION) IN GROSS PROCEEDS WILL BE RAISED

* ONCOPEPTIDES SAYS EXPECTS TO BE FULLY FUNDED THROUGH Q2 2021, BOTH IN A BASE SCENARIO WHERE ONCOPEPTIDES GENERATES NO SALES FIRST HALF OF 2021 FOLLOWING COMMERCIAL LAUNCH OF MELFLUFEN IN THE US, AND IN A SCENARIO WHERE LEAD CANDIDATE DOES NOT OBTAIN FDA APPROVAL Source text for Eikon: Further company coverage: (Reporting By Anna Ringstrom)

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