ARTICLE | Financial News
With potential launches nearing, Zai taps investors for $200M
May 3, 2019 5:34 PM UTC
Eight months after raising $150 million in a follow-on, Zai has returned to the well to raise $200 million in an upsized offering as it prepares for a pair of potential launches in mainland China. The new money roughly doubles the company's cash reserves.
By year end, Zai Lab Ltd. (NASDAQ:ZLAB) hopes to begin marketing PARP inhibitor Zejula niraparib in China as maintenance therapy for ovarian cancer following response to chemotherapy. Zai already markets Zejula in Hong Kong; its partner, the Tesaro unit of GlaxoSmithKline plc (LSE:GSK; NYSE:GSK), markets it in the West...
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