Moberg Pharma decides on fully guaranteed rights issue of approximately SEK 150 million

Moberg Pharma | November 06, 2020

Moberg Pharma decides on fully guaranteed rights issue of approximately SEK 150 million
The Board of Directors of Moberg Pharma AB (publ) (OMX: MOB) ("Moberg Pharma" or "the Company") has today resolved to carry out a fully guaranteed issue of new ordinary shares and warrants ("Units") with preferential rights for existing shareholders (the "Rights Issue") of approximately SEK 150 million before transaction costs. The Rights Issue requires the approval of an extraordinary general meeting (the "Extraordinary General Meeting"). The proceeds will be used for registration activities and clinical work for MOB-015. When the Rights Issue is completed, the Company intends to terminate the current convertible note agreement. By a separate press release, the Company has today announced its intention to distribute the BUPI project to the shareholders of Moberg Pharma through a Lex Asea distribution with a subsequent listing on Nasdaq First North Growth Market during the Q1 of 2021.

Spotlight

In the world of commercial research and science, there’s probably no undertaking more daunting—or more expensive—than the process of bringing a new medicine to market. For a new compound to make it from initial discovery through development, testing, and clinical trials to finally earn regulatory approval can take a decade or more.  Learn how Novartis and Microsoft are coming together using AI and leading research capabilities to advance medicine.

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Spotlight

In the world of commercial research and science, there’s probably no undertaking more daunting—or more expensive—than the process of bringing a new medicine to market. For a new compound to make it from initial discovery through development, testing, and clinical trials to finally earn regulatory approval can take a decade or more.  Learn how Novartis and Microsoft are coming together using AI and leading research capabilities to advance medicine.