Initiator Pharma proposes directed issue and fully guaranteed preferential rights issue totaling SEK 60 million to expand into new orphan indication-led by long-term investors Linc and Adrigo
Initiator Pharma A/S (”Initiator Pharma” or ”the Company") today announces that the Board of Directors has decided to propose an Extra General Meeting (“EGM”) to resolve a proposal enabling a capitalization of a total of SEK 60 million to finance the expansion of Initiator Pharma’s clinical pipeline with its proprietary clinical program – IPTN2021 – targeting an orphan drug indication in severe neuropathic pain, Trigeminal Neuralgia. The proposal from the Board of Directors to the EGM is to resolve on a directed share issue of approximately SEK 30.0 million and a fully guaranteed preferential