Followers | 14 |
Posts | 807 |
Boards Moderated | 0 |
Alias Born | 04/24/2009 |
Monday, September 22, 2014 11:56:54 AM
Starpharma (ASX:SPL) has raised $18 million, through a placement, to help fund the company’s clinical and commercialisation programs. The company plans to follow this up with an up-to $5 million share purchase plan at $0.65 per share. Part of the proceeds from the capital raising will be used to support the completion of phase III trials of Starpharma’s VivaGel for the prevention of recurrent bacterial vaginosis (BV), and regulatory and commercialisation activities for VivaGel for symptomatic relief of BV. Funds will also be used to help advance chemotherapeutic candidate DEP docetaxel from phase I into phase II trials, as well as to advance other development programs, the company said. Starpharma CEO Dr Jackie Fairley said the capital raising has attracted “strong interest” from the company’s existing institutional shareholders. “We also have welcomed several new local and international funds as shareholders in Starpharma for the first time,” she said. The company last month revealed that spending on its development programs had reduced its cash position to $24 million as of the end of FY14, from $33.8 million at the end of the prior financial year. Starpharma (ASX:SPL) shares were trading 6.34% lower at $0.665 as of around 2.30 pm on Monday.
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM