Infectious disease company Poolbeg Pharma has said a number of new investors have expressed interest in acquiring up to £1.6 million (€1.9m) of its shares which are currently locked up and held in trust by Croft Nominees.
The investors have committed to purchase them on or around April 26th at a price of 5.9 pence per share, the closing market price on Friday.
There is “strong demand” among them in acquiring shares in the company, with the largest individual investor understood to be an experienced life science investor.
Poolbeg Pharma plc (LON:POLB) is a clinical stage infectious disease pharmaceutical company, with a novel capital light clinical model which enables us to develop multiple products faster and more cost effectively than the traditional biotech model.