Rights offering of Cassiopea with Credit Suisse as lead manager: the advisor

On June 3, 2020, SIX Swiss Exchange listed Cassiopea – an Italian specialty pharmaceutical company developing and preparing to commercialize prescription drugs with novel mechanisms of action (MOA) to address long-standing and essential dermatological conditions – starts its right offering of 750,000 registered shares.

Cassiopea expects to receive net proceeds from the offering of approximately EUR 22.3 million, which will be used to finance the company’s operations up to the planned approval of Clascoterone cream 1% in H2 2020 and the preparation of Clascoterone cream 1%’s subsequent launch in the U.S. and for general corporate purposes. It is expected that the newly issued shares will be traded on the SIX Swiss Exchange for the first time on June 18, 2020.

The team

Lenz & Staehelin is acting as counsel to Credit Suisse as lead manager. The team includes partner Patrick Schleiffer (pictured), associate Patrick Schärli and trainee Alessio Zolpi (all capital markets and corporate) and associate Florence Hediger (Tax).

Rights offering of Cassiopea with Credit Suisse as lead manager: the advisor

FabioAdmin

Legalcommunity.ch

Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram