Braveheart Investment Group PLC (AIM:BRH) (AIM:BRH) Trevor Brown comments on the recent raise of around £2.5mln in a share placing.
This will be used to 'push forward quickly' the development of a COVID-19 testing instrument by its subsidiary Paraytec.
The firm plans to take direct control of the final design and engineering packages, while Paraytec will continue to seek out partners for licensing and development as well as a potential sale.