BioPharma raises $163.8m in capital raising

Pharma,
By Sam Kerr
13 Apr 2018

BioPharma Credit, a closed end investment fund that provides debt capital for the life sciences industry, raised $163.8m in a primary share placement on Thursday to fund further investment.

The company had originally looked to raise up to $300m in order to fund further investment in biopharmaceutical debt. The funds were raised through the issuance or new ‘C’ shares at $1 a share.

The firm’s IPO banks JP Morgan and Goldman Sachs are global co-ordinators on the ...

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