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Zest Is Back At Zealand With Cash Injection And A Clinical Win

Turning Corner After A Tough Year

 
• By Kevin Grogan

The Danish biotech is looking to end 2022 on a high after raising over $105m and posting positive Phase III data on glepaglutide.

mermaid
Things are looking up for the Copenhagen-headquartered firm • Source: Alamy

Things are looking up for Zealand Pharma A/S as it enters the final quarter of a difficult year with the Danish biotech securing a significant cash injection after presenting promising late-stage data on its short bowel syndrome (SBS) drug, glepaglutide.

The company has unveiled plans to raise DKK786m ($105.3m) through a directed issue and private placement of 4,975,000 shares priced...

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