Botanix Pharmaceuticals taps investors for $40m; Euroz, E&P in tow
Botanix Pharmaceuticals, a listed developer of treatments for skin infections and diseases, was pitching investors for a $40 million equity raise on Monday morning.
The company had Euroz Hartleys and E&P Capital offering shares at 33¢ each – a 7 per cent discount to the last traded price and 13.8 per cent lower than the 10-day volume-weighted average price.
Botanix told investors the funds would accelerate the commercialisation of Sofdra in the United States – a prescription anticholinergic medicine used on the skin to treat excessive underarm sweating.
More to come.
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30.3¢ |
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Mkt cap ! $588.2M | |||
| Open | High | Low | Value | Volume |
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