April 27, 2018 / 5:25 AM / 7 months ago

Polyphor IPO price range set at 30-40 Swiss francs

ZURICH, April 27 (Reuters) - Specialty pharmaceuticals company Polyphor IPO-POLY.S on Friday announced a price range of 30-40 Swiss francs ($30.33-$40.44)per share for its upcoming flotation - the latest company to seek a listing on the Swiss stock exchange.

The Swiss company said it is aiming to raise 100-150 million francs in an all-primary offering, with trading expected to start on or around May 15.

Polyphor said it would use the funds to develop Murepavadin, a drug to treat a strain of pneumonia with high levels of mortality. ($1 = 0.9890 Swiss francs) (Reporting by John Revill; Editing by Biju Dwarakanath)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below