April 5, 2017 / 12:03 AM / 4 months ago

BRIEF-Botanix raises A$7.4 million in placement

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April 5 (Reuters) - Botanix Pharmaceuticals Ltd :

* Asx alert-Botanix raises A$7.4 million in oversubscribed placement-bot.ax

* Botanix will be well funded for development phase holding approximately A$9.0 million cash

* Funds raised will be used to accelerate clinical development of synthetic cannabidiol products and pursue commercialisation of Permetrextm delivery technology Source text for Eikon: Further company coverage:

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