Shield Therapeutics to float on LSE to raise £110 million
Shield Therapeutics on Monday said it plans to raise up to £110 million ($169 million) via an initial public offering of its shares on the London Stock Exchange.
The proceeds from the offering will be used to develop and market the company’s investigational treatments for iron deficiency anaemia, Feraccru,and hyperphosphatemia, PT20.
Both the products are in late stage trials and Shield Therapeutics expects to receive European marketing approval for Feraccru in the first half of 2016 and start Phase III clinical trials of PT20 in 2016.
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