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February 23, 2018updated 12 Aug 2019 10:39am

Deals This Week: Ascendis Pharma, DanDrit Biotech USA, Pangen Biotech

Ascendis Pharma has issued American Depositary Shares (ADS) through an underwritten public offering to raise $150m.

Ascendis Pharma has issued American Depositary Shares (ADS) through an underwritten public offering to raise $150m.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

The company also plans to grant the underwriters a 30-day option to buy additional shares worth $22.5m.

Ascendis Pharma plans to use the proceeds towards clinical development, regulatory approval and commercialisation of its TransCon GH product candidate, as well as for general corporate purposes.

The company has appointed J.P. Morgan Securities, BofA Merrill Lynch and Credit Suisse Securities (USA) as joint book-running managers for the transaction.

“AIT Therapeutics has issued shares and warrants in a private placement to raise $9.82m.”

DanDrit Biotech USA has issued 2.4 million shares of its common stock in a private placement.

The Denmark-based biopharmaceutical company has also simultaneously issued 1.67 million shares priced at $8 a share in a private placement to raise $13.42m.

DanDrit recently completed the acquisition of biopharmaceutical company Enochian Biopharma.

Pangen Biotech has issued a second series of unregistered and unsecured convertible bonds in a private placement to raise KRW18bn ($16.85m).

Due February 2023, the bonds carry a yield-to-maturity rate of 1%

The South Korean biotechnology company plans to use the proceeds for its on-going operations and investment purposes.

AIT Therapeutics has issued shares and warrants in a private placement to raise $9.82m. A group of investors subscribed to the placement.

The Israeli-based biopharmaceutical company plans to use the proceeds to support its three inhaled nitric oxide (NO) programmes.

The company appointed Laidlaw & Co. (UK) as lead placement agent and Brookline Capital Markets as co-placement agent for the transaction.

Arcus Biosciences has submitted a registration statement to the US Securities and Exchange Commission (SEC) for an initial public offering of its common stock to raise $1bn.

The US-based biopharmaceutical company plans to use the proceeds for clinical development of its AB928 and AB122 product candidates, as well as general corporate purposes.

Arcus has selected Citigroup Global Markets, Goldman Sachs & Co and Leerink Partners as joint book-running managers for the transaction and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian as the legal advisor.

Taiwan Liposome Company (TLC) plans to raise $50m through an initial public offering of American depositary shares (ADS).

The firm has filed a registration statement with the US Securities and Exchange Commission (SEC) for the same.

The underwriters will also be granted an option to buy additional ADS.

The Taiwanese biopharmaceutical company will use the proceeds from the offering towards the development of its TLC590 and TLC178 product candidates, as well as to supplement working capital.

The company has appointed Cantor Fitzgerald & Co as sole book-running manager, and CLSA, H.C. Wainwright & Co, Janney Montgomery Scott and Laidlaw & Company (UK) as co-managers for the transaction.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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