Zai Lab Ltd (HK:9688) has released an update.
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Zai Lab Ltd has successfully closed its offering of American Depositary Shares (ADSs), raising gross proceeds of approximately $230 million, with net proceeds expected to be around $216 million. The funds will be utilized for research and development, advancing product candidates, and strategic business opportunities. The offering was underwritten by Goldman Sachs, Jefferies, and Leerink Partners.
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