Amsterdam, The Netherlands, March 12, 2018 – Kiadis Pharma N.V. (“Kiadis Pharma” or the “Company”) (Euronext Amsterdam and Brussels: KDS), a clinical stage biopharmaceutical company developing a T-cell immunotherapy product designed to reduce Graft versus Host Disease (GVHD) in hematopoietic stem cell transplantations (HSCT) today announces the launch of a private placement of approximately 2.6 million new shares to institutional investors, representing approximately 14.8% of the Company’s current issued capital (the “Placing”). Existing shareholders of the Company will not have pre-emptive rights in relation to the new shares to be issued. The new shares will rank pari passu in all respects with the currently outstanding shares of the Company. With the capital increase, the Company intends to make full use of the remaining authority that the shareholders
meeting has granted to the Company’s Management and Supervisory Boards to issue new shares.
Kiadis Pharma intends to use the net proceeds of the Placing to:
– continue the Phase 3 international, randomized, controlled, multicentre clinical trial for ATIR101 in the United States, Canada and Europe;
generate additional manufacturing capacity at vendors and to refurbish, equip and staff its leased manufacturing facility;
– further prepare the Company for commercialization by investing into a commercial organization, market access preparation and reimbursement discussions;
– support further production process optimization of ATIR;
– expand the organization to accommodate the increased number of activities;
– start a further clinical trial to assess the benefit of ATIR101 in conjunction with
another T-cell depleted hematopoietic stem cell transplantation (HSCT) protocol or with a cyclophosphamide-based haplo transplantation protocol;
– apply funds for debt repayment, capital expenditures, general and administrative expenses, general corporate purposes in line with Kiadis Pharma’s strategy and other working capital needs; and
– finance potential opportunities to broaden and diversify the research and development portfolio (e.g. through in-licensing or acquiring programs and companies with synergistic or complementary technologies, products and/or product candidates).
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