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IN BRIEF: C4X Discovery Raises GBP15 Million Through Share Placing

Wed, 21st Oct 2020 16:12

C4X Discovery Holdings PLC - Manchester-based drug company - Raises GBP15.0 million through placing of 99.2 million units - comprising one share and one warrant - and 8.0 million EIS/VCT shares, at a price of 14.0 pence each.

Proceeds will go towards strengthening balance sheet, and provide working capital for the progression of its pipeline portfolio.

Now has 226.3 million shares issued overall.

"The funds raised today will allow C4XD to continue advancing our goal - to use our cutting-edge drug discovery technologies and expertise to efficiently deliver world leading medicines which are developed by our partners for the benefits of patients. We are delighted to welcome our new investors as shareholders and would like to thank our existing shareholders for their continued support," says Chief Executive Officer Clive Dix.

Current stock price: 15.01 pence, giving GBP17.9 million market capitalisation

Year-to-date change: down 7.6%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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C4X enters drug discovery AI deal with GTN

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C4X Discovery Raises GBP10.1 Million From Placing And Open Offer (ALLISS)

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C4X Discovery To Raise GBP11 Million Through Placing And Open Offer (ALLISS)

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C4X Discovery Awarded USD480,000 Grant For Cocaine Addiction Treatment

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4 Jul 2018 11:02

C4X Discovery Appoints Eva-Lotta Allan As Chairman

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C4X Discovery Holdings focuses on early licensing deals to drive revenue

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22 Nov 2016 10:52

C4X Discovery Makes Interim CFO Permanent, Appoints Two To Board

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6 Sep 2016 08:23

C4X Discovery Attracts New Investors In GBP5 Million Placing (ALLISS)

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