Seeking Alpha

RedHill to receive $11.7M cash infusion

  • RedHill Biopharma (RDHL -0.4%) has entered into an agreement for an equity placement of $11.7M from Israeli institutional and private investors.
  • RedHill will use the money for R&D, including developing its RHB-104 treatment for Crohn's disease and RHB-105 for H. pylori infection, both of which are in Phase III studies, and for potential acquisitions. (PR)
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