Newron raises CHF 27.0 Million in a private placement of new shares

Sep 26 2017

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Milan, Italy – September 26, 2017 – Newron Pharmaceuticals S.p.A. (“Newron” or the “Company”, SIX: NWRN), a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the central and peripheral nervous system, announces that it has raised gross proceeds of CHF 27.0 million through a private placement of new shares via an accelerated book-building process announced on September 25, 2017 (the “Transaction”). 

Newron has placed 2,000,000 new shares with institutional investors at a subscription price of CHF 13.50 per share, representing a 14.8% discount to the volume weighted average price of the existing shares in the five consecutive open market days preceding the reference date. The new shares represent 11.2% of the new total number of outstanding shares (post-Transaction) of 17,817,481.

The closing of the Transaction will be subject to certain customary conditions. The new ordinary shares are expected to be listed and traded on the SIX Swiss Exchange under the same ISIN as the Company’s existing shares (ISIN: IT0004147952) on or around October 2, 2017.

Newron intends to use the net proceeds of the Transaction for general corporate purposes, including the financing of the Company’s operations and research programs and for the development of the Company’s current and future pipeline products, with a focus on Evenamide. The Company has a focus on developing drugs for orphan indications and products/product candidates that need specialized regulatory and development efforts. Newron is seeking opportunistic additions to the Company’s pipeline portfolio and, if such aforementioned development programs are successful, will explore the possibility of establishing commercialisation operations for certain selected territories.

Stefan Weber, CEO of Newron, commented: “With Xadago® (safinamide) launched in twelve European countries by our partner Zambon and in the USA, by US WorldMeds, Newron’s focus is now on the results of its ongoing and potentially pivotal study with Sarizotan in Rett Syndrome, an orphan CNS disease for which Newron has already been granted Orphan Drug Designation in both the EU and the USA, as well as completing the design of a potentially pivotal study with Evenamide (NW-3509) in schizophrenia. We thank existing and new shareholders for their support of Newron’s strategy for sustainable growth.” Roberto Galli, Newron’s Vice President of Finance, added: “The funds raised are expected to support our activities through 2019, well beyond key inflection points of our pipeline products.”

About Newron Pharmaceuticals

Newron (SIX: NWRN) is a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the central and peripheral nervous system. The Company is headquartered in Bresso near Milan, Italy. Xadago® (safinamide) has received marketing authorization for the treatment of Parkinson’s disease in the European Union, Switzerland and the USA, and is commercialized by Newron’s Partner Zambon. US WorldMeds holds the commercialization rights in the USA. Meiji Seika has the rights to develop and commercialize the compound in Japan and other key Asian territories. In addition to Xadago® for Parkinson’s disease, Newron has a strong pipeline of promising treatments for rare disease patients at various stages of clinical development, including sarizotan for patients with Rett syndrome and ralfinamide for patients with specific rare pain indications. Newron is also developing Evenamide as the potential first add-on therapy for the treatment of patients with positive symptoms of schizophrenia. For more information, please visit: www.newron.com

For more information, please contact

Media

Newron
Stefan Weber – CEO
+39 02 6103 46 26
[email protected]

UK/Europe
Julia Phillips, FTI Consulting
+44 20 3727 1000
[email protected]

Switzerland
Martin Meier-Pfister, IRF Communications
+41 43 244 81 40
[email protected]

Germany/Europe
Anne Hennecke, MC Services
+49 211 52925222
[email protected]

USA
Alison Chen, LaVoieHealthScience
+1 617 374 8800, Ext. 104
[email protected]

Investors and Analysts

Newron
Stefan Weber – CEO
+39 02 6103 46 26
[email protected]

UK/Europe
Julia Phillips, FTI Consulting
+44 20 3727 1000
[email protected]

Switzerland
Martin Meier-Pfister, IRF Communications
+41 43 244 81 40
[email protected]

Germany/Europe
Anne Hennecke, MC Services
+49 211 52925222
[email protected]

USA
Beth Kurth, LaVoieHealthScience
+1 617 374 8800, Ext. 106
[email protected]

Important Notices

This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document is not a prospectus within the meaning of Article 652a of the Swiss Code of Obligations, nor is it a listing prospectus as defined in the listing rules of the SIX Swiss Exchange AG or a prospectus under any other applicable laws. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

This document is not for publication or distribution in the United States of America, Canada, Australia or Japan and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States of America or to U.S. persons (as defined in the U.S. Securities Act of 1933, as amended (the “Securities Act”)) or to publications with a general circulation in the United States of America. This document is not an offer for sale of securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold in the United States of America absent registration under or an exemption from registration under Securities Act. Newron does not intend to register any part of the offering in the United States. There will be no public offering of the securities in the United States of America.

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