ObsEva Announces Launch of Proposed Follow-on Public Offering
ObsEva SA - Common Shares (OBSV)
Last obseva sa - common shares earnings: 3/5 01:00 am
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US:NASDAQ Investor Relations:
obseva.com/news/obseva-sa-announces-60-0-million-private-placement-with-existing-and-new-investors
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Source: GlobeNewswire
Geneva, Switzerland and Boston, MA - June 18, 2018 - ObsEva SA (NASDAQ: OBSV), a clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for serious conditions that compromise a woman's reproductive health and pregnancy, announced today the launch of a proposed underwritten public offering of 4,750,000 common shares. In addition, ObsEva expects to grant the underwriters a 30-day option to purchase up to an additional 712,500 common shares. ObsEva intends to use the net proceeds from the proposed offering primarily to continue the development of its three new chemical entities in its pipeline and invest in pre-commercial activates in support of its pipeline assets, and for working capital and other general corporate purposes. J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Jefferies LLC are acting as joint bookrunning managers. The offering is subject to market conditions, and there can be no assurance as to
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