Health by CITY BEAT Anthony Marx 16th Mar 2021 8:42 PM
Premium Content BIOTECH WINDFALL A promising Brisbane biotech outfit focused on fighting cancer has just launched its biggest capital raising to date, aiming to rustle up $75m. Loss-making QBiotics Group revealed on Tuesday that it had already secured $50m of the dough from Sydney-based fund manager TDM Growth Partners, which is now considered a cornerstone investor. Existing stakeholders have also been invited to tip in more at 90 cents a share, the same price forked out by TDM. The cash infusion comes at a critical juncture for the company, which launched in 2004 and has only recently started commercialising one of its products overseas.
Cancer-fighting Brisbane biotech chases $75m top-up
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Cancer-fighting Brisbane biotech chases $75m top-up
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Cancer-fighting Brisbane biotech chases $75m top-up
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