Santhera Completes Capital Increase for Financing Arrangements
Pratteln, Switzerland, June 16, 2020 – Santhera Pharmaceuticals (SIX: SANN) announces that it has issued 870,000 reserve shares. The number of shares recorded in the commercial register has been increased to 13,185,063 shares.
On June 16, 2020, 870,000 shares were issued out of the existing authorized capital as treasury shares. Santhera expects to use these shares for purposes of its financing arrangements with IRIS and Highbridge Capital. The new shares will be listed as per June 17, 2020.
About Santhera
Santhera Pharmaceuticals (SIX: SANN) is a Swiss specialty pharmaceutical company focused on the development and commercialization of innovative medicines for rare neuromuscular and pulmonary diseases with high unmet medical need. Santhera is building a Duchenne muscular dystrophy (DMD) product portfolio to treat patients irrespective of causative mutations, disease stage or age. A marketing authorization application for Puldysa® (idebenone) is currently under review by the European Medicines Agency. Santhera has an option to license vamorolone, a first-in-class anti-inflammatory drug candidate with novel mode of action, currently investigated in a pivotal study in patients with DMD to replace standard corticosteroids. The clinical stage pipeline also includes lonodelestat (POL6014) to treat cystic fibrosis (CF) and other neutrophilic pulmonary diseases, as well as omigapil and an exploratory gene therapy approach targeting congenital muscular dystrophies. Santhera out-licensed ex-North American rights to its first approved product, Raxone® (idebenone), for the treatment of Leber's hereditary optic neuropathy (LHON) to Chiesi Group. For further information, please visit .
Raxone® and Puldysa® are trademarks of Santhera Pharmaceuticals.
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Eva Kalias, Head External Communications
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Disclaimer / Forward-looking statements
This communication is not intended to constitute an offer or solicitation to purchase or invest in any securities of Santhera Pharmaceuticals Holding AG (the “Company”). The securities of the Company to which this communication relates have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in or into the United States. No action has been taken by the Company that is intended to permit a public offering of the securities to which this communication relates in any jurisdiction.
This document may contain certain forward-looking statements concerning the Company and its business. Such statements involve certain risks, uncertainties and other factors which could cause the actual results, financial condition, performance or achievements of the Company to be materially different from those expressed or implied by such statements. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. The Company disclaims any obligation to update these forward-looking statements.
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