Pratteln, Switzerland, February 22, 2018 - Santhera Pharmaceuticals (SIX: SANN) announces that its share capital recorded in the commercial register was increased from 6,279,857 shares by 247,622 shares to 6,527,479 shares.
238,924 shares have been issued out of the existing authorized capital in order to pay the upfront consideration for the worldwide exclusive license to develop and commercialize a clinical stage candidate for cystic fibrosis and other pulmonary diseases that Santhera has recently obtained from Polyphor. The remainder of the increase reflects past share issuances out of Santhera's conditional capital for employee participations.