Bavarian Nordic sells discount shares to help fund Covid-19 vaccine
Bavarian Nordic has completed a new round of selling equity and has raised USD 175.8m in gross proceeds, which will in part help finance the firm's Covid-19 vaccine and ease the way to new acquisitions.
BY RITZAU FINANS, TRANSLATED BY NIELSINE NIELSEN
Bavarian Nordic has sold shares worth DKK 1.1bn (USD 175.8m) at DKK 223 per share, which will partly go towards financing the company's further development of the Covid-19 vaccine which the firm has in-licensed from Adaptvac.
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