Hutchison China MediTech Ltd. (Chi-Med) has just raised around $110m in gross proceeds in an underwritten public offering on the Nasdaq Global Select Market in the US, which it intends to use primarily to fund its ongoing research and clinical development efforts and expand its commercialization capabilities.
New Funds Extend Chi-Med’s Runway But HK Listing Still Planned
Launches, Pipeline Progress Seen Adding Value
Chi-Med opted to raise modest funds in the US to extend its cash runway ahead of a ‘big year’ but still intends to pursue a larger Hong Kong listing at an appropriate time, its CEO tells Scrip.
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