RE: Placing 19p16 Nov 2023 16:56
"The funds we are looking to raise are to help with the current commercialisation and development strategy of AxisBiotix in skin health, with our latest venture beginning in acne, as well as providing a stronger financial base to support our strategic partnering discussions around three of our other business pillars. The funding will also support us with working capital and strengthen our balance sheet whilst we are assessing potential inorganic opportunities which can complement and enhance our current sales and development pipeline. We are encouraged by the quality of companies that would generate immediate value to us - both financially and operationally and we anticipate updating shareholders on these opportunities in the near term."
GLA