Galmed prices public offering of ordinary shares
Israel-based biotech firm Galmed Pharmaceuticals (Nasdaq: GLMD) has priced its previously announced underwritten public offering of 5,000,000 ordinary shares, at a public offering price of $15.00 per share.
Galmed is a clinical-stage biopharmaceutical company focused on the development of the liver targeted SCD1 modulator Aramchol (arachidyl amido cholanoic acid), a once-daily, oral therapy for the treatment of non-alcoholic steatohepatitis (NASH).
The company's Nasdaq-listed stock jumped around 125% over the past two weeks after it announced a successful study of Aramchol on June 11. Its shares rose 5.23% to close at $15.69 on Tuesday.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
More on this story...
Today's issue
Company Spotlight
More Features in Biotechnology
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze