Corporate Banner
Satellite Banner
Scientific Community
Become a Member | Sign in
Home>News>This Article

MorphoSys Raises EUR 84 Million in Private Placement

Published: Monday, September 23, 2013
Last Updated: Sunday, September 22, 2013
Bookmark and Share
Net proceeds from the transaction will be used to fund the clinical development of MOR208.

MorphoSys AG has announced that it has raised gross proceeds of approximately EUR 84 million in a private placement via an accelerated book building procedure.

MorphoSys issued 1,514,066 new shares from authorized capital to international institutional investors at a price of EUR 55.76 per share, which corresponds to the closing auction price on 18 September 2013, one day prior to the launch of the transaction.

The offering represents approximately 6.3% of the registered pre-transaction share capital and will bring the total number of registered shares after the issuance to 25,669,444, and was multiple times over-subscribed.

The new shares will be admitted to listing on the Frankfurt Stock Exchange following their issuance.

The net proceeds from the transaction will be used by MorphoSys to:
• fund the clinical development of MOR208, our wholly owned anti-CD19 antibody, potentially including an additional phase 2 combination study in chronic lymphocytic leukemia (CLL). MOR208 has completed a phase 1 study in CLL and is in ongoing phase 2 clinical trials in non-Hodgkin lymphoma (NHL) and acute lymphoblastic leukemia (ALL);
• fund the further clinical development of MOR202 (an anti-CD38 antibody currently in a phase 1/2a clinical trial in multiple myeloma), for which MorphoSys has signed a global co-development agreement with Celgene;
• initiate, advance and/or accelerate the development of other proprietary programs, including advancing of pre-clinical or clinical stage assets into later stages of clinical development prior to licensing;
• fund potential acquisitions of new businesses, technologies or products, including MorphoSys's Innovation Capital initiative, that would complement our business or expand our portfolio.

"We are very pleased to announce the successful completion of our placement which we believe reflects the significant progress made at MorphoSys over the past year," said Dr. Simon Moroney, Chief Executive Officer of MorphoSys AG.

Dr. Moroney continued, "We have made considerable progress in advancing our pipeline and have announced ground-breaking partnerships with both GlaxoSmithKline and Celgene. The funds we have raised will allow us to further develop our wholly-owned program MOR208, to build on the great potential of MOR202 with our partner Celgene and to invest in other attractive opportunities. We believe MorphoSys is well positioned to build on this positive momentum and to continue to build significant value to shareholders."

Jens Holstein, Chief Financial Officer of MorphoSys AG commented: "In response to the progress the company achieved in recent years and the further promise of our pipeline, we received strong interest from international investors. The offering has allowed us to meet this demand, strengthen our financial position and further enhance trading liquidity. The funds raised will provide additional strategic flexibility as we continue to build the company to create long-term value for our shareholders."

Further Information

Join For Free

Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 3,500+ scientific posters on ePosters
  • More than 5,100+ scientific videos on LabTube
  • 35 community eNewsletters

Sign In

Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

MorphoSys Receives Clinical Milestone for Start of Phase 1 Trial
Company has received clinical milestone from Novartis for Start of phase 1 trial with novel cancer antibody.
Thursday, October 20, 2016
MorphoSys Initiates Phase 2/3 B-MIND trial with MOR208 in DLBCL
The B-MIND trial will evaluate the safety and efficacy of MOR208 combined with the chemotherapeutic agent bendamustine in comparison to rituximab plus bendamustine.
Tuesday, September 06, 2016
Morphosys Receives Novartis Milestone Payment for Phase 1 Trial
Company has received a milestone payment from Novartis for start of phase 1 trial in prevention of thrombosis with novel antibody.
Tuesday, July 05, 2016
Scientific News
Point of Care Diagnostics - A Cautious Revolution
Advances in molecular biology, coupled with the miniaturization and improved sensitivity of assays and devices in general, have enabled a new wave of point-of-care (POC) or “bedside” diagnostics.
Overlooked Molecules Could Revolutionise our Understanding of the Immune System
Researchers have discovered that around one third of all the epitopes displayed for scanning by the immune system are a type known as ‘spliced’ epitopes.
NIH Study Determines Key Differences between Allergic and Non-Allergic Dust Mite Proteins
Researchers at NIH have uncovered factors that lead to the development of dust mite allergy and assist in the design of better allergy therapies.
New Antibody Therapy Permanently Blocks SIV Infection
An international research team has developed an effective treatment strategy against the HIV-like Simian Immunodeficiency Virus (SIV) in rhesus macaques.
Contribution Increases by Tenfold The Mouse Mutation Resources of One Type Available
The repository provides academic researchers with unique genetic models that are unavailable commercially.
3D-Printing in Science: Conference Co-Staged with LABVOLUTION
LABVOLUTION 2017 will have an added highlight of a simultaneous conference, "3D-Printing in Science".
DNA Vaccines Protect Monkeys Against Zika Virus
Two experimental Zika virus DNA vaccines developed by NIH scientists protected monkeys against Zika infection.
Rare Flu-Thwarting Mutation Discovered
Study finds protein mutation, that is encoded by influenza, causes the virus to lose any defence against the immune system.
Mapping the Human Immune System
Researchers try to harness supercomputers to create the first map of the human immune system.
Antibody Drug Conjugates May Help Personalize Radiotherapy
Biomarker-driven study shows promise in sensitizing HER2 positive tumors to radiation and chemotherapy.
Skyscraper Banner

SELECTBIO Market Reports
Go to LabTube
Go to eposters
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
3,500+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
5,100+ scientific videos