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OBI — Ondine Biomedical News Story

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Brief: Ondine Biomedical ‍Announces A Proposed Fundraising Of About £10 Mln​

BRIEF-Ondine Biomedical ‍Announces A Proposed Fundraising Of About £10 Mln​

- Ondine Biomedical Inc OBI.L:

  • ONDINE BIOMEDICAL - PROPOSED C.£10M (C$18.88M) FUNDRAISE

  • ONDINE BIOMEDICAL - CEO CAROLYN CROSS TO SUBSCRIBE FOR 10.59 MILLION SHARES FOR £1.06 MILLION (C$2 MILLION)

  • ONDINE BIOMEDICAL - RESEARCH AND DEVELOPMENT EXPENDITURE AND CASH BURN EXPECTED TO REDUCE AFTER LANTERN PHASE 3 STUDY

  • ONDINE BIOMEDICAL - FUNDRAISING NET PROCEEDS EXPECTED TO PROVIDE CASH RUNWAY INTO EARLY 2028

Source text: ID:nRSS5606Za

Further company coverage: OBI.L


(((( Reuters.Briefs@thomsonreuters.com ;));))

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