Inoviq Ltd (AU:IIQ) has released an update.
INOVIQ Ltd has successfully raised A$7 million through a placement at A$0.50 per share, with a plan for existing shareholders to further participate in a Share Purchase Plan (SPP) aiming to raise up to A$2.4 million. The funds will expedite the company’s development of cancer diagnostics and therapeutics, including the EXO-NET research tools and SubB2M diagnostics. The investment underscores confidence in INOVIQ’s proprietary technology and strategic multi-stage approach to growth in the biotech sector.
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