BioCentury
ARTICLE | Financial News

Mondobiotech planning offering

January 26, 2010 1:52 AM UTC

Mondobiotech Holding AG (SIX:RARE) plans to raise up to CHF45.6 million ($43.9 million) through the sale of up to 304,131 shares and three-year options in a rights offering. The shares are priced at CHF110, which is a 50% discount to Mondobiotech's close of CHF220 on Jan. 13, the day before the offering was announced. The options are priced at CHF40, with an exercise price of CHF150. Mondobiotech said Imperial Fund committed to purchase at least 65% of the shares. ...