DGAP-News

MOLOGEN AG: Convertible bond worth EUR4.99 million successfully placed - Seite 2

Dero Bank, Munich, Germany was the sole bookrunner for the transaction. Blättchen Financial Advisory GmbH provided support to MOLOGEN on the transaction in an advisory capacity.

Walter Miller, Chief Financial Officer of MOLOGEN AG, explained: "We are very happy with the level of investor demand and the full placement of the bond issue. In particular, we are pleased about the high subscription level and the support we once again received from our major shareholder."

In November 2016, the company issued a first convertible bond with a nominal amount of EUR2.54 million at similar offering terms. That issue was taken up in full by major shareholder GDT, excluding shareholders' subscription rights. MOLOGEN AG also successfully carried out a significantly oversubscribed capital increase in October 2016, with gross proceeds of EUR13.6 million.


Important note:
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to in this press release have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration or in a transaction not subject to the registration requirements of the Securities Act. There will be no public offer of the securities in the United States of America. Subject to certain exceptions under the Securities Act, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.

MOLOGEN AG
With new and unique technologies and active substances, the biotech company MOLOGEN is one of the pioneers in the field of immunotherapy. Alongside a focus on immuno-oncology, MOLOGEN also develops immunotherapies for the treatment of infectious diseases.

The cancer immunotherapy lefitolimod (MGN1703) is the company's lead product and best-in-class TLR9 agonist. Treatment with lefitolimod (MGN1703) triggers a broad and strong activation of the immune system. Due to this mode of action, namely to reactivate the monitoring function of the immune system, lefitolimod (MGN1703) can be recognized as an Immune Surveillance Reactivator (ISR). It has the potential to be applied to various indications. ISR lefitolimod (MGN1703) is currently being developed for first-line maintenance treatment of colorectal cancer (pivotal study) and small cell lung cancer (randomized controlled trial). Furthermore, it is also being investigated in an extended phase I study in HIV and a phase I combination study with the checkpoint inhibitor ipilimumab (Yervoy(R)). Next to checkpoint inhibitors, lefitolimod is one of the few product candidates that are in a phase III clinical trial (IMPALA) in the field of immuno-oncology and close to reaching the market.