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  2. Share Prices
  3. Futura Medical Share Price
  4. Futura Medical Share News
  5. IN BRIEF: Futura Medical to raise GBP12 million to fund clinical study

Pin to quick picksFutura Medical Share News (FUM)

Futura Medical Information

Share Price Information for Futura Medical (FUM)

London Stock Exchange
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Share Price: 39.10
Bid: 39.20
Ask: 39.35
Change: 0.20 (0.51%)
Spread: 0.15 (0.383%)
Open: 39.05
High: 39.10
Low: 38.85
Prev. Close: 38.90
FUM Live PriceLast checked at -

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IN BRIEF: Futura Medical to raise GBP12 million to fund clinical study

Fri, 14th May 2021 17:20

Futura Medical PLC - Surrey-based pharmaceutical company - Plans to raise GBP10 million in placing of shares at a price of 40 pence each, reflecting a discount of 21% to the company's closing price of 50.40 pence on Thursday.

Will also raised up to GBP2 million through a retail offer via the PrimaryBid platform at the same issue price.

Proceeds from the fundraising will go towards funding the small confirmatory clinical study required for the US FDA regulatory submission for MED3000 as a DeNoco medical device, as well as scale up its manufacturing activities, enabling lower costs for market launches.

Current stock price: 44.00 pence, down 13% on Friday

Year-to-date change: up sharply from 15.25p

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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