Shield Therapeutics raises £32.5 million ahead of AIM debut

12 February 2016

Shield Therapeutics has raised £32.5 million ($47 million) in a UK flotation ahead of its proposed admission to the Alternative Investment Market (AIM) branch of the London Stock Exchange (LSE).

The Newcastle-based specialty pharmaceutical company plans to invest the cash raised in its Feraccru treatment for iron deficiency anemia that has been recommended for approval by the European Medicines Association’s Committee for Medicinal Products for Human Use (CHMP).

A decision on marketing authorization is expected to be received in the first quarter of this year and, if appoved, commercialization of Feraccru in Europe will commence soon after.

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