MedSciences Capital

Author: Willem van Lawick

  • Kiadis Pharma secures €20 million debt financing facility from Kreos Capital

    Amsterdam, The Netherlands, August 1, 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 candidate designed to reduce Graft versus Host Disease (GVHD) and relapse after hematopoietic stem cell transplantations (HSCT), today announces that it has received a new debt facility from Kreos Capital providing the Company with up to €20 million of additional financing. This is in addition to the Company’s €15 million debt financing from Kreos Capital in 2017.

    The new loan consists of two tranches, with the first tranche of €5 million being immediately drawn down and a second tranche of up to an additional aggregate amount of €15 million, which Kiadis Pharma can at its option draw down until March 31, 2019, conditional on the Company having received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency for the Company’s T-cell product candidate ATIR101. Kiadis Pharma will use funds drawn down under the debt facility to advance the Phase 3 clinical development of ATIR101, to prepare for a possible commercial launch in Europe and for general corporate purposes. If drawn down in full, this new €20 million debt facility would extend the Company’s cash runway into the first quarter of 2020. (more…)

  • Annual Results for the year ended December 31, 2017

    • Significantly strengthened cash position; raised over EUR 60 million in equity and debt (gross, including raise in March 2018)
    • Filed Marketing Authorization Application with the European Medicines Agency for ATIR101 in blood cancers
    • Received Regenerative Medicine Advanced Therapy designation from the US FDA
    • First patient enrolled in Phase 3 trial for ATIR101 in adult patients with blood cancer
    • Leased existing commercial manufacturing facility in The Netherlands
    • Strengthened Organization and Supervisory Board

    Amsterdam, The Netherlands, April 13, 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 candidate designed to reduce Graft versus Host Disease (GVHD) and relapse after hematopoietic stem cell transplantations (HSCT), today announces its audited 2017 Annual Results for the year ended December 31, 2017, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union. (more…)

  • Kiadis Pharma on track with European regulatory review for ATIR101

    Responses submitted to EMA Day 120 list of questions

    Amsterdam, The Netherlands, March 28, 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 candidate designed to reduce Graft versus Host Disease (GVHD) in hematopoietic stem cell transplantations (HSCT), today confirms it has submitted its responses to the European Medicines Agency’s (EMA) Day 120 List of Questions for its lead product candidate ATIR101 within the timeline that had been agreed with EMA and announced in September 2017.

    Arthur Lahr, CEO of Kiadis Pharma, commented: “We are pleased to have submitted our responses to EMA’s Day 120 List of Questions in a timely manner. We believe we have adequately addressed the questions and remain on track to potentially obtain a positive CHMP opinion for ATIR101 in Q4 2018 and (conditional) approval from the European Commission in Q1 2019, which would allow for a European launch in H2 2019.”

  • Kiadis Pharma raises €23.4 million in a private placement of 2.6 million new shares

    Amsterdam, The Netherlands, March 13, 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 that it has raised gross proceeds of €23.4 million through a private placement of 2.6 million new shares to institutional investors via an accelerated bookbuilding process as announced on March 12, 2018 (the “Placing”). The Placing was completed at a subscription price of €9.00 per share and represented 14.8% of the issued share capital of the Company prior to the transaction. The new ordinary shares will rank pari passu in all respects with the currently outstanding shares of the Company and are expected to be listed and traded on Euronext Amsterdam and Euronext Brussels on March 15, 2018. Following the Placing, the issued share capital of the Company will consist of 20,115,092 ordinary shares.
    Arthur Lahr, CEO of Kiadis Pharma, commented: “This €23.4 million private placement will fund the Company into H2 2019 and thus well beyond potential EU approval and into potential European launch of ATIR101TM. The offering was oversubscribed and allowed us to make full use of the remaining authority to issue new shares as granted by the shareholders. Strong interest from existing and new specialized biotech investors from Europe and the US further validates Kiadis Pharma’s great progress and potential. With more than €60 million raised in the last 10 months, we have now successfully financed the Company towards major near-term milestones.” (more…)

  • Kiadis Pharma launches a private placement of approximately 2.6 million new shares

    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).
    (more…)

MedSciences Capital
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