Portfolio News
Sofinnova Crossover
GenSight Biologics announces a successful offering for an amount over €9.2 million
Related Deal lead
Cedric MoreauRelated Company
GenSight Biologics- GenSight Biologics shares resume trading today
- Over €9.2 million offering of ABSA (as defined below) composed of a reserved offering aimed at specialized investors and a private placement
- More than 50% of the offering subscribed by US investors
Paris, France, May 7th, 2024, 7.30 a.m. CEST – GenSight Biologics (Euronext: SIGHT, ISIN: FR0013183985, PEA-PME eligible) (the “Company“), a biopharma Company focused on developing and commercializing innovative gene therapies for retinal neurodegenerative diseases and central nervous system disorders, announced today the resumption of the trading of the Company’s shares following the success of its Offering (as defined below), through (i) a capital increase reserved to specialized investors and (ii) a concurrent capital increase by way of a private placement, by the issuance of new shares with warrants attached, for a total gross amount of €9,282,515.80 (excluding the future net proceeds related to the exercise of the warrants). The subscription price for one ABSA is €0.395 (the “Offering Price”). The Offering Price is the same in the two concurrent capital increases.
“This fundraising marks an inflection point in our journey and demonstrates the confidence of investors in our vision and ability to achieve our strategic objectives,” said Laurence Rodriguez, CEO of GenSight Biologics. “We are grateful to our historic investors for their continued support. We confirm plans to resume early access program in France for LHON patients in Q3 2024.“
Link to full press release: https://www.gensight-biologics.com/2024/05/07/gensight-biologics-announces-a-successful-offering-for-an-amount-over-e9-2-million/
Related News
Noema Pharma announces first patients dosed in Phase 2b study with Gemlapodect (NOE-105), a first-in-class investigational therapy for Tourette Syndrome
AAVantgarde Founder and CSO is elected as President of the European Society of Gene and Cell Therapy (ESGCT)
deepc and The AI Centre for Value-Based Healthcare enter partnership to accelerate and transform NHS adoption of radiology AI
Bioptimus and Proscia collaborate to accelerate AI innovation in scientific research and drug development for improved patient care
Enhanced data security and quality via ISO 27001:2022 and SOC 2 certifications enables Moon Surgical to deliver actionable insights to healthcare providers