Xenon Pharmaceuticals Inc. announced that it has entered into a share purchase agreement for a private placement of 275,337 common shares at a price of $19.9755 per share for gross proceeds of approximately $5,499,994 on September 8, 2021. The transaction will include participation from Neurocrine Biosciences, Inc. The purchase price represents a 15% premium to the company's 30-day volume-weighted average price immediately prior to the public announcement of the clinical trial application approval. The shares are subject to lock-up restriction.