Xbrane Raises Millions More As It Eyes Ranibizumab Filings

More Than 2.8 Million New Shares Issued

With ambitions to file biosimilar ranibizumab and initiate one new development program per year, Sweden’s Xbrane Biopharma has brought in millions of much needed fresh capital to fuel operations.

Coins_Funding
Xbrane has diversified its shareholder base • Source: Shutterstock

Swedish biosimilars developer Xbrane Biopharma AB has raised gross proceeds of SEK380m ($44.4m) through a fresh share issue, enabling it to “drive our existing development programs ahead according to plan and initiate one new development program per year.”

With several Swedish and international institutional investors among the buyers, Xbrane has sold 2,817,700 new shares at a subscription price...

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