RedHill Biopharma (RDHL) Withdrawals Share Offering
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RedHill Biopharma Announces Withdrawal of Public Offering of its American Depositary Shares
November 2, 2016 9:20 AM EDTTEL-AVIV, Israel, Nov. 02, 2016 (GLOBE NEWSWIRE) -- RedHill Biopharma Ltd. (NASDAQ: RDHL) (TASE: RDHL) (RedHill or the Company), a biopharmaceutical company primarily focused on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for gastrointestinal and inflammatory diseases and cancer, today announced that it has withdrawn the proposed underwritten public offering of its American Depositary Shares due to market conditions.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... More
