RE: Moab. Only Astrazeneca and Eisai Inc. (so far) have had the18 Aug 2024 12:10
Hi Smithfield's,
if you look back through the RNS's you will see that the money was raised for the following purposes (i.e. largely to support the activities needed to continue growing the business):-
o £2.8 million for staff and next generation sequencing resources to develop molecular assay content providing data and new downstream applications for the Parsortix system;
o £2.2 million for commercial business development through salesforce and distributor expansion, further distributor onboarding, product launches, conferences and marketing;
o £1.5 million towards developing the clinical laboratory capability and capacity including molecular capital expenditure and protocol validation, staffing and expansion of service offering
o £2m shall be used by the Company to strengthen the balance sheet, enhance the working capital position and cover the expenses associated with the Fundraise