Zealand Pharma brings in $1B to drive development of obesity drugs

cafead

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  • cafead   Jun 26, 2024 at 10:22: AM
via Zealand Pharma raised $1 billion through the sale of new shares as it looks to forge ahead with the development of a number of its obesity pipeline candidates. The company agreed to sell nearly 8.4 million shares at DKK 843 ($121) each, with the offering upsized from an earlier target of $900 million amid high demand.

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