Ascelia Pharma: Outcome of rights issue
Ascelia Pharma’s share price rose by 3,55% yesterday, following the final outcome of the rights issue released before closure. The company has secured approximately SEK 105 million in gross proceeds before issue costs. The issue was completed without guarantors.
This positive outcome reduces the financial uncertainty for Ascelia Pharma and enables the company to continue with the FDA submission process for Orviglance, advance discussions with potential commercial partners ahead of the launch, and amortize SEK 7.5 million of convertible debt to Fenja Capital (Formue Nord), thereby strengthening the balance sheet.
The timetable for NDA submission to FDA for Orviglance:
- Q4-2024: Full Phase-3 - Orviglance study report
- Q1-2025: Conclusions from the FDA pre-submission meeting
- Mid-2025: FDA submission.
Ascelia Pharma will report its Q3 results on November 7, 2024.
Link to full announcement here:Ascelia Pharma announcement
For an update on Ascelia Pharma prior to trading in the rights issue, listen to the interview with Deputy CEO Julie Waras Brogren here: Interview with Deputy CEO Julie Waras Brogren
Disclaimer: HC Andersen Capital receives payment from Ascelia Pharma for a Digital IR/Corporate Visibility subscription agreement. /Claus Thestrup 8:00 AM 06-09-2024.
Ascelia Pharma
Ascelia Pharma er et svensk biotek selskab med fokus på behandling af sjældne kræftsygedomme. De udvikler og markedsfører nye lægemidler, hvor der er behov for bedre behandlingsmuligheder eller hvor der ikke findes muligheder for behandling i dag, og de har en klar go-to-market strategi. Ascelia Pharma har to kandidater i pipelinen, Orviglance og Oncoral. Orviglance er et nyt kontrastmiddel til MR-scanning, og udviklet til at forbedre opdagelsen og visualiseringen af fokale leverlæsioner(Inklusiv levermetastaser – og primære tumorer) hos patienter med nedsat lever funktion. Oncoral er en tablet med en potent anti-tumor effekt, der indtages på daglig basis. Oncoral har vist god effekt ved kræftformer der er svære at behandle, og en bedre virkning/bivirkningsprofil for patienten sammenlignet med intravenøs behandlinger med høj dose udført på et hospital. Ascelia Pharma er noteret på Nasdaq Small Cap Stockholm med ticker ACE.
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