Central Florida pharmaceutical firm raises $71M

A local pharmaceutical company has closed Central Florida ’s second-biggest fundraising round of 2019.   Celebration-based KemPharm Inc. (Nasdaq: KMPH) closed a $71 million round on Dec. 23, according to a U.S. Securities and Exchange Commission filing. The capital was exchanged for senior convertible notes, which can be converted into equity in the c ompany at a later date. New York-based investment bank Cowen& Co. LLC (Nasdaq: COWN) was the recipient of the notes, according to the filing.  KemPharm…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news