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Pin to quick picksSynairgen Share News (SNG)

Share Price Information for Synairgen (SNG)

London Stock Exchange
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Share Price: 6.20
Bid: 5.32
Ask: 6.50
Change: 0.00 (0.00%)
Spread: 1.18 (22.18%)
Open: 6.20
High: 6.20
Low: 6.20
Prev. Close: 6.20
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IN BRIEF: Synairgen Looks To Raise GBP80 Million For SNG001 Trial

Wed, 14th Oct 2020 18:02

Synairgen PLC - respiratory drug discovery and development company - Proposes placing to raise GBP80.0 million at 175 pence per share. Also launches open offer to raise further GBP7.0 million. The placing will take place in two tranches, with the first tranche of up to 14.9 million new shares, from the company's existing shareholder authorities to issue new shares on a non-pre-emptive basis for cash and the second tranche of up to 30.8 million new shares. finnCap Ltd and Numis Securities Ltd are acting as joint bookrunners.

"The announcement follows positive phase 2 SNG001 Covid-19 data that supports progression into a phase 3 trial designed to be sufficient for marketing authorisation applications in 2021, with regulatory discussions on-going and manufacturing scale-up activity underway," Synairgen said.

The gross proceeds will be used to fund the phase 3 trial and fund manufacturing and device scale up activities.

Current stock price: 226.0 pence

Year-to-date change: up sharply from 5.88p

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Synairgen begins second part of SNG001 Phase II trial

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25 Sep 2018 13:48

Synairgen Fundraises To Progress Clinical Tests As Interim Loss Widens (ALLISS)

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