(Alliance News) - Oncology consultants Physiomics PLC on Wednesday said it has completed a fundraising, securing GBP828,750 in funds.
Physiomics issued 23.7 million shares at 3.5 pence each.
The stock closed down 18% at 3.63p each in London on Wednesday.
"In order to further develop its business, the company is raising funds through the fundraise to enable it to carry out activities including increasing its sales & marketing spend, recruiting a further member of its technical team and further investing in its personalised medicine technology as well as for general working capital purposes," Physiomics said.
By Eric Cunha; ericcunha@alliancenews.com
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Physiomics (PYC)