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RedHill Biopharma to sell ADSs in public offering via Nomura, Roth
Proceeds will fund research and development of therapeutic candidates
By Toni Weeks
San Luis Obispo, Calif., July 14 – RedHill Biopharma Ltd. said it plans an underwritten public offering of its American Depository Shares. The deal will have a 30-day, 15% over-allotment option.
Each ADS represents 10 ordinary shares.
Nomura and Roth Capital Partners are the joint bookrunning managers. MLV & Co. and H.C. Wainwright & Co. are co-managers.
Proceeds will be used for research and development-related purposes in connection with the company’s therapeutic candidates and for potential acquisitions and general corporate purposes.
The Tel Aviv-based biopharmaceutical company focuses on late-clinical-stage, orally administered small-molecule drugs for inflammatory and gastrointestinal diseases, including cancers.
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