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NetScientific PLC - life sciences and technology investment and commercialisation company - Corporate finance and venture division EMV Capital Ltd had advised on a GBP2.9 million pre-series A round for anaesthetic gas recycling technology firm SageTech Medical Equipment Ltd.
EMV itself had invested GBP1.6 million in the round, including GBP200,000 by NetScientific.
The funding round is part of a fundraising strategy to complete pilots which are currently underway within UK hospitals and to scale up commercial operations for meeting global demand.
"The last year has proven the need for SageTech's technology. As the UK and many other countries focus on achieving net zero by 2050, the case for anaesthetic gas recycling is only going to get stronger. For 95% of all anaesthetic gas to be wasted is something that simply must change. SageTech is well-positioned to be at the forefront of that change," notes Chair John Clarkson.
Current stock price: 54.00 pence
Year-to-date change: up 16%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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