MPM shells out for Radius

Radius Health raises up to $91M; reverse merges into MPM shell to avoid IPO

Rather than run the risk of trying to raise money on uncertain terms in an IPO, Radius Health Inc. is raising $91 million in debt and equity and reverse merging into an unlisted public shell company.

"We have a large Phase III trial ongoing; we liked the certainty of getting the financing done. Think of it as a PIPE in an unlisted company,"

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