February 10, 2020 / 12:05 PM / 6 months ago

BRIEF-Mereo Biopharma Enters Into $5 Mln Equity Financing With Novartis

Feb 10 (Reuters) - Mereo BioPharma Group plc:

* MEREO BIOPHARMA GROUP PLC - MEREO BIOPHARMA ENTERS INTO A $5 MILLION CONVERTIBLE EQUITY FINANCING WITH NOVARTIS

* MEREO BIOPHARMA GROUP PLC - SECURITIES PURCHASE AGREEMENT WITH ASPIRE CAPITAL FUND, LLC FOR UP TO $28 MILLION

* MEREO BIOPHARMA - PROCEEDS FROM DEALS ARE INTENDED TO BE USED FOR GENERAL CORPORATE PURPOSES, INCLUDING CLINICAL TRIAL ACTIVITY & WORKING CAPITAL Source text for Eikon: Further company coverage:

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