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Innocoll registers $19.22 million of ADSs for public offering
ADSs representing 1/13.25 of ordinary share sold through Piper Jaffray
By Devika Patel
Knoxville, Tenn., April 10 – Innocoll AG will price a public sale of American Depositary Shares, according to a Form F-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $19.22 million of ADSs.
Each ADS represents 1/13.25 of an ordinary share.
Piper Jaffray & Co. is the bookrunning manager.
Proceeds will be used for product development and general corporate purposes.
The pharmaceutical company is based in Athlone, Ireland.
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