May 5, 2020 / 8:00 AM / 24 days ago

BRIEF-Genedrive Intends To Raise 7 Mln STG To Fund SARS-COV-2 Assays, Test

May 5 (Reuters) - Genedrive PLC:

* GENEDRIVE PLC - ANNOUNCES ITS INTENTION TO RAISE £7 MILLION, BEFORE EXPENSES, BY WAY OF A CONDITIONAL PLACING

* GENEDRIVE - NET PROCEEDS OF FUNDRAISING WILL SUPPORT RAPID DEVELOPMENT OF GENEDRIVE® SARS-COV-2 ASSAYS, FUND SCALE-UP OF GENEDRIVE-96-SARS-COV-2 TEST

* GENEDRIVE - CONDITIONAL PLACING WITH EXISTING, NEW INSTITUTIONAL INVESTORS THROUGH ISSUE OF 8.75 MILLION NEW SHARES AT 80P/PLACING SHARE Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below