ObsEva SA announced a private placement of 20,000,000 common shares at an issue price of 1/13 of a Swiss Franc (CHF 0.077) per share for gross proceeds of CHF 1,540,000 on December 8, 2022. The transaction included participation from by its 100% wholly owned subsidiary, Obseva Usa, Inc. The transaction has been approved by the board of directors of the company.