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Stada Set To Minimize Xbrane Ownership As Swedish Firm Hunts For Cash

Group Of Investors Nab Stada Rights Amid Controversial Issuing

 
• By Dean Rudge

“We are extremely well aware of the consequences for investors that cannot protect their ownership share in this transaction,” Xbrane has told its investors, as the Swedish firm looks to tie up much-needed capital injection via a right issue to fuel its pipeline of biosimilar projects.

Crowdfunding, investing into ideas, funding project by raising monetary contributions, venture capital flat design colorful vector illustration concept
• Source: Shutterstock

With R&D accounting for more than 80% of its total overheads last year and consistent revenue still in its infancy, fledgling Swedish player Xbrane Biopharma was always likely to head to the markets to seek out more capital, even if such a move would compromise investors by diluting their existing holdings.

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