Investors Plump For Xbrane With EU Ranibizumab Launch Plans Near

Ximluci Biosimilar Launch Eyed Early In 2023, With Stada To Commercialize

Sweden’s Xbrane BioPharma has followed through on plans to tap the equity markets for cash to fuel the planned launch of its Ximluci (ranibizumab) biosimilar version of Lucentis in Europe.

Growth
Xbrane had considered a preferential issue • Source: Alamy

Xbrane Biopharma has raised gross proceeds of SEK170m ($15.6m) through a directed share issue, handing the firm the financial firepower to build up launch volume and inventory for its flagship Ximluci (ranibizumab) biosimilar version of Lucentis in Europe.

The Swedish player has raised its latest round of proceeds by direct issue of 2,361,112 new shares at a subscription...

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