Hadasit Bio-Holdings

Press Releases

Report by Globes on TASE Offering

Aug. 31, 2010

As appeared in "Globes" August 31st

קישור לכתבה בעיברית

By Batya Feldman

Hadasit Bio Holdings raises NIS 11.5m in TASE offering

In the second quarter of 2010, Hadasit recorded its first ever significant profit of NIS 13 million due to capital raised by portfolio company ProtAb.

31 August 10 19:2, Batya Feldman
Hadasit Bio Holdings Ltd. (TASE:HDST) has raised NIS 11.5 million on the Tel Aviv Stock Exchange (TASE) in a public tender of shares and options that was 150% oversubscribed. The share prices was closed at NIS 1.28, a NIS 0.11 over the minimum price that was fixed. Total demand was NIS 14.5 million.

Hadasit is the technology transfer company of the Hadassah Medical Organization in Jerusalem. The company promotes and commercializes Hadassah's intellectual property and R&D capabilities.

Hadasit CEO Ophir Shahaf said, "In recent months, the company's portfolio companies have shown clinical progress and subsidiaries have agreed strategic and financial partnerships.

In its financial report for the second quarter of 2010, Hadasit recorded its first ever significant profit of NIS 13 million as a result of capital raised by portfolio company ProtAb.

Subsidiary BioMarCare Technologies recently signed a memorandum of understanding for exclusive global commercialization of its drug for the early detection of cancer of the colon using a simple blood test.

Another portfolio company Thrombotech has completed Phase I clinical trials on its treatments for embolic strokes, myocardial infraction and chronic lung disease.

Hadasit's share was unchanged on the TASE today at NIS 1.09.

Published by Globes, Israel business news - www.globes-online.com - on August 31, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

Download attached file..
 
 

Press Releases Archive