16 October 2020
Consilium Strategic Communications Advises Synairgen on Successful Fundraising of £85 Million (net)
Proceeds from significantly oversubscribed placing will progress proprietary COVID-19 treatment
London, 16 October 2020, Consilium Strategic Communications, a global leader in strategic healthcare communications and investor relations, is pleased to have advised on Synairgen’s successful fundraising of £84.6 million (net).
Synairgen is a respiratory drug discovery and development company whose proprietary drug, SNG001, a nebulised formulation of Interferon Beta, produced positive results in a trial of hospitalised COVID-19 patients in July 2020. Synairgen is now focused on progressing SNG001 as a treatment for COVID-19 in an international, randomised, placebo-controlled Phase III trial in 900 hospitalised COVID-19 patients, scheduled to start in Q4 2020. Concomitant with the fundraising, Synairgen also announced an agreement with Akron Biotechnology to scale up production of SNG001, an agreement with Catalent Biologics to support fill/finish of the drug and has selected Aerogen to provide the aerosol delivery system for the product. The Phase III study will be run by Parexel Biotech and has been badged a National Priority study in UK.
The team advising Synairgen at Consilium is Mary-Jane Elliott, Sue Stuart, Olivia Manser, Carina Jurs, Kris Lam and Alexander Bridge. Numis Securities Limited and finnCap Ltd acted as joint bookrunners for the fundraising.
“Consilium has been a key advisor to the management team and Board recently and the team has worked around the clock with true professionalism to support us. They have played a major role in getting the materials over the line for this fundraising and continue to be a strong sounding board and guide to us at this very important time for Synairgen.”
Richard MarsdenChief Executive Officer of Synairgen
“We have worked with Synairgen since 2014 and are proud to see their achievements whilst they rapidly progress with the development and scale up of this potential treatment for COVID-19 patients. We are delighted to support the profile of yet another impressive healthcare company which could be close to contributing globally to the crisis which is impacting the lives of every one of us.”
Mary-Jane ElliottManaging Partner of Consilium Strategic Communications
For more information, please contact:
Consilium Strategic Communications
Mary-Jane Elliott / Amber Fennell
Tel: +44(0)20 3709 5700
Follow us: @consiliumhc
About Consilium Strategic Communications
Consilium Strategic Communications is a global leader in strategic healthcare communications and investor relations advisory with offices in Europe and across the US. Consilium's highly skilled team provides strategic, long-term advice to healthcare companies, Boards, senior decision makers and executives on critical communications and IR programmes and stakeholder challenges. The Company has established deep knowledge across all areas of the global healthcare sector through broad experience in representing international clients spanning the Fortune 500, FTSE100, FTSEurofirst 300 and FTSE250, through to discrete specialist reputation management projects.
Synairgen is a respiratory drug discovery and development company founded by University of Southampton Professors Sir Stephen Holgate, Donna Davies and Ratko Djukanovic. The business, focused primarily on lung viral defence in asthma, COPD and COVID-19, uses its differentiating human biology BioBank platform and world-renowned international academic KOL network to discover and develop novel therapies for respiratory disease. Synairgen is quoted on AIM (LSE: SNG). For more information about Synairgen, please see www.synairgen.com