RedHill Biopharma (RDHL) Withdrawals Share Offering

November 2, 2016 9:21 AM EDT

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

RedHill Biopharma Ltd. (NASDAQ: RDHL) announced that it has withdrawn the proposed underwritten public offering of its American Depositary Shares due to market conditions.

The Company believes that it is not in the best interest of its stockholders to raise the equity capital in the current market environment. RedHill’s cash position at the end of the third quarter of 2016 was approximately $40.5 million.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Equity Offerings

Related Entities

Definitive Agreement

Add Your Comment