Aiming to capitalize on the flood of Phase III trial data on lixisenatide that has already started to flow, Zealand Pharma A/S is launching an initial public offering (IPO) on the Copenhagen Stock Exchange that could gross $126.1 million (DKK 671.3 million), excluding any overallotments.(BioWorld Today)

With the start of pivotal Phase III clinical trials for eprotirome looming, Karo Bio AB has secured SEK530 million (US$79.7 million) to fund the research, by raising SEK300 million in a forthcoming rights issue that is fully guaranteed and another SEK230 million in an equity-based credit facility. (BioWorld International)

Genmab A/S is banking €7.5 million (US$10.4 million) up front and could earn up to €30.5 million more from a collaboration with H. Lundbeck A/S to develop antibodies against three central nervous system (CNS) targets. (BioWorld International)