SANOCHEMIA Pharmazeutika AG (XTRA:SAC) announced a private placement to issue 6,000,000 shares at issue price of €1 per share for gross proceeds of €6,000,000 on February 17, 2020. The transaction will include participation from bew Beteiligungs GmbH. The transaction needs to be approved by the shareholders of the company at the extraordinary meeting of shareholders to be held on March 11, 2020.