Go to deals
Healthcare

Synairgen completes a successful equity placing to fund the company’s trial for COVID-19 patients

Synairgen plc has raised US$17.6 million to fund the company’s trial for COVID-19 patients.

Synairgen is a drug discovery and development company founded by University of Southampton Professors Stephen Holgate, Donna Davies and Ratko Djukanovic. The business, focused primarily on severe asthma and COPD, uses its differentiating human biology BioBank platform and world-renowned international academic Key Opinion Leader network to discover and develop novel therapies for respiratory disease. Leveraging its scientific and clinical facilities at Southampton General Hospital, the company uses in vitro and ex vivo models to progress opportunities into clinical development. The biobank of human samples is used in these models to increase confidence in the likelihood of successful drug development.

Oaklins Cavendish’s sister firm finnCap, based in the UK, advised Synairgen on its oversubscribed equity fundraising to fund the company’s trial of SNG001 (inhaled formulation of interferon-beta-1a) in COVID-19 patients, manufacture of the drug and to strengthen the company’s balance sheet.

Talk to the deal team

Geoff Nash

Director
London, United Kingdom
Oaklins Cavendish

Related deals

Xeros Technology Group has completed a placing, subscription and retail offer
Industrial Machinery & Components

Xeros Technology Group has completed a placing, subscription and retail offer

Xeros Technology Group plc has raised funds to drive forward its commercialization strategy.

Learn more
PCI Pal has completed an equity raise
Financial Services | TMT

PCI Pal has completed an equity raise

PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.

Learn more
Navitas Petroleum has issued stocks
Energy

Navitas Petroleum has issued stocks

Navitas Petroleum has completed a fundraising to refinance and develop the company.

Learn more