Imagion Biosystems Ltd. (AU:IBX) has released an update.
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Imagion Biosystems Ltd. has secured $3 million in new funding through a share placement led by CPS Capital, which will accelerate the company’s MagSense technology clinical programs for cancer detection. Additionally, the company has entered into a licensing agreement with Biosensis to commercialize its PrecisionMRX nanoparticles, providing a new revenue stream through milestone fees and royalties. These strategic moves are expected to bolster Imagion’s market position and enhance its research and development efforts.
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