Going private last option for Gamida Cell to remain as going concern
Cell therapy company Gamida Cell (Nasdaq: GMDA) will be forced to go private after failing to find a partner for its cell therapy product Omisirge (omidubicel-onlv), which won US approval a year ago.
The Israeli company will now be bought by its principal lender, Highbridge Capital Management.
Highbridge will convert $75 million of its existing unsecured convertible senior note into equity in Gamida, which will receive $30 million of new capital from the investment management firm on the effective date of the restructuring.
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