Pharnext SA (ENXTPA:ALPHA) announced a private placement of 1,020,408 common shares at a price of €14.7 per share for gross proceeds of €14,999,998 on January 23, 2019. The transaction included participation from returning investor CB Lux, whose stake in the company increased from 21.12% to 27.29% post closing. The transaction has been approved by the board of directors of the company.