RedHill Biopharma (RDHL) Tops Q2 Loss Views

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RedHill Biopharma Reports Results for the Second Quarter of 2015

July 29, 2015 6:05 AM EDT

Key Highlights Include:

Strong cash position of approximately $26.6 million at the end of the second quarter of 2015 and approximately $66 million as of July 28, 2015, following the Company's July 2015 public offering in the U.S. Gross proceeds of $44.5 million from the Company's July 2015 public offering in the U.S., including the exercise of 277,143 ADSs by the underwriters under their over-allotment option; Participants in the public offering included prominent U.S. healthcare institutional investors RedHill's partner, Salix Pharmaceuticals, confirmed that it continues the development of RedHill's RHB-106 solid oral bowel... More