Australia's Anteris Technologies slumps on discounted placement

Anteris Technologies

24/07/2024 03:49

** Shares of Anteris Technologies  AVR.AX  fall as much as
7.3% to A$15.80, hitting their lowest since late-Jan 
    ** Medical devices maker says it has completed A$30 mln
($19.81 mln) capital raise via single tranche share placement 
    ** Funds raised will be used for ongoing development of
DurAVR, a trans-catheter heart valve for treating heart
diseases, among others 
    ** Issue price of A$16.00 per share is at a 6.2% discount to
last closing price on July 19 
    ** About 23,900 shares change hands, 2.8 times the 30-day
average volume of 8,586
    ** Stock had fallen ~11% this year, as of last close
    
($1 = 1.5147 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))