C4X Discovery has announced that it has raised £5.0m before expenses via a conditional placing of 4.9m new shares, at a placing price of 102p. This represents a c 4.2% discount to the closing price of 106.5p (on 5 September). It is positive news as it provides the company with sufficient funds to continue driving forward its strategy of becoming a highly efficient and productive drug discovery engine and continue building its existing pipeline of five preclinical assets with the aim of
06 Sep 2016
Financing enables C4X to drive strategy forward
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Financing enables C4X to drive strategy forward
C4X Discovery Holdings Plc (C4XD:LON) | 9.6 0 0.0% | Mkt Cap: 24.3m
- Published:
06 Sep 2016 -
Author:
Dr Linda Pomeroy -
Pages:
2
C4X Discovery has announced that it has raised £5.0m before expenses via a conditional placing of 4.9m new shares, at a placing price of 102p. This represents a c 4.2% discount to the closing price of 106.5p (on 5 September). It is positive news as it provides the company with sufficient funds to continue driving forward its strategy of becoming a highly efficient and productive drug discovery engine and continue building its existing pipeline of five preclinical assets with the aim of