WPD Pharmaceuticals Inc. announced a private placement of 34,000 shares at a price of PLN 50 per share for gross proceeds of PLN 1,700,000 on September 14, 2022. The transaction has been approved by the board of directors of the company. Post completion of the transaction, the share capital of the company will increase from PLN 400,000 to PLN 2,100,000.

The new shares will be subscribed and taken-up by biotech investor by December 31, 2022.