MedWatch

Zealand Pharma CEO: Share sale arms us for partnership negotiations

After a study success with short bowel syndrome treatment candidate, the Danish biotech company raised funding by issuing shares, preparing the company’s CEO, Adam Steensberg, to enter dialogs with a number of potential partners.

Adam Steensberg, CEO of Zealand Pharma | Photo: Zealand Pharma

With strong phase III data from a study of drug candidate glepaglutide in the bag, Zealand Pharma set off on Tuesday to raise capital -- and did so successfully after a direct share issuance targeting professional investors brought in DKK 786m (USD 105m) on the same day.

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