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Kadmon Raises $50 Million in Gross Proceeds Through Its at-the-Market Facility

Kadmon Holdings, Inc. (NYSE:KDMN) today announced that it has raised gross proceeds of $50.0 million through its At-The-Market (ATM) facility, including participation based on interest received from existing shareholders and new healthcare specialist institutional investors. The Company sold approximately 11.1 million shares at then-prevailing market prices. With the closing of this transaction, the Company is capitalized through the anticipated filing, approval and launch of belumosudil in chronic graft-versus-host disease (cGVHD).