IBX Raises $5M in Oversubscribed Placement

IBX Raises $5M in Oversubscribed Placement

  • $5M raised in an oversubscribed placement at 4.5c per share – equivalent to 30 day VWAP, and a 33.9% premium to 60 day VWAP.
  • Strongly supported by existing domestic institutional investors and sophisticated investors, along with new institutional investors from Australia and the UK.
  • Funding provides certainty of capital beyond completion of first-in-human study currently on track to commence in Q4.
  • Funding allows IBX to commence preparations for a pivotal study and accelerate R&D in additional indications.

Read IBX Raises $5M in Oversubscribed Placement.

Related Articles

Successful Placement of A$3M

Imagion Biosystems (ASX: IBX) (Company), is pleased to announce the Company has received $3 million of firm commitments through a highly successful capital raising. The

Read More

Transforming medical imaging for early disease detection

We’re on a mission to make cancer more detectable.