By Carlo Martuscelli

 

Sareum Holdings PLC (SAR.LN) has raised 681,484 pounds ($867,297) in a share issue to help fund its clinical-development pipeline.

The AIM-listed company said Wednesday that it issued 170.4 million shares at 0.4 pence each--a 27% discount to its closing price on Monday, the day before offer was announced.

Sareum said it will use the proceeds of the capital raise to fund its TYK2/JAK1 inhibitor programs.

Together with the completed placing announced on Tuesday, Sareum raised GBP1.2 million pounds.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

June 26, 2019 03:15 ET (07:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Sareum (LSE:SAR)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024 Click aqui para mais gráficos Sareum.
Sareum (LSE:SAR)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024 Click aqui para mais gráficos Sareum.