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Amarin Corporation Plc
Amarin Announces Private Placement for up to $60 Million
May 31st, 2008
Amarin Corporation plc (NASDAQ: AMRN) announced a private placement of American Depositary Shares (each representing one ordinary share) ("ADSs") with several new institutional and accredited investors, and potentially certain directors of the Company, for up to $60 million funded over two equal tranches. The new investors, who have entered into definitive agreements for gross proceeds of up to $56 million, comprise Sofinnova Ventures, OrbiMed Advisors LLC, Thomas, McNerney & Partners, Panorama Capital, Longitude Capital and Fountain Healthcare Partners. The first $28 million tranche is expected to close shortly, subject to customary closing conditions. The investors...
Source: Law & Health Weekly (2008-05-31)
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