Inventiva raises €35.5M in private placement

Inventiva S.A. (Euronext:IVA) raised €35.5 million ($43.8 million) in a private placement through the sale of 5.6 million shares at €6.37. Investors included BVF Partners, Novo Holdings A/S and Sofinnova Crossover I fund. The price is a 19% discount to Inventiva's close of €7.90 on Thursday, before it proposed the offering after market hours.

Inventiva said the funding will provide the company with runway through mid-2020. The placement agents were Jefferies, Société Générale Corporate & Investment Banking and Gilbert Dupont...