Healthcare outfits 4D Medical, Pacific Smiles launch raisings
Save
Share
Fresh from receiving $28.9 million in government funding to develop its lung imaging hardware, 4DMedical is now after some money from institutional investors.
4DMedical chief executive Andreas Fouras. Â
Wayne Taylor
The company was looking for $40 million in fresh capital on Tuesday morning, via a placement of new shares.
The shares were being offered to funds at $1.55 each, which represented a 10.4 per cent discount to 4DMedicalâs last close and a 22.8 per cent discount to the 30-day VWAP, according to terms sent to funds.
Money raised in the funding round would go towards funding the development and commercialisation of its XVD scanners, which are designed to provide rapid lung analysis of adults and children.