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Launch of two first-in-class medicines in 2023 marks start of exciting phase of growth for Ferring
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Ferring Pharmaceuticals appoints new Executive Chairman among key changes to Board of Directors
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ZURICH (Reuters) - PolyPeptide Group, controlled by a foundation of Swedish billionaire adventurer Frederik Paulsen Jr., said Monday it plans to list a 40% stake on the Swiss stock exchange to finance the contract drug maker’s growth.
The company, which makes ingredients for U.S.-based Novavax Inc’s, COVID-19 vaccine candidate, plans to list in the second quarter.
It plans to place existing shares and a primary offering, with some proceeds to go for potential acquisitions.
PolyPeptide is eyeing “adjacent” business areas, in not only oligonucleotides that can be used in genetic diseases as well as personalised neoantigen cancer immunotherapies, outgoing Chief Executive Jane Salik said in an interview.