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Xenova nets £19.4mm in private UK and US placements

Executive Summary

Oncology and immunology drug company Xenova Group PLC raised net proceeds of £19.4mm ($32.9mm) through the sale of 18.7mm units priced at £1.13 apiece (a 14% discount to the market average). Each unit consisted of 10 shares and 3 warrants, amounting to an aggregate of about 187mm shares and 56mm warrants.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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