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MedImmune gets $500mm with convertible debt placement

Executive Summary

MedImmune (focuses on infectious diseases and cancer) has raised $500mm with the private placement of 20-year convertible notes to qualified institutional buyers under Rule 144A. The notes will convert into common stock, initially priced at $68.18 each.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Convertible Debt
    • Private Placement

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