Navigation Links
Phosphagenics' A$19.3 million Capital Raising
Date:7/11/2014

MELBOURNE, Australia, July 11, 2014 /PRNewswire/ -- Australian drug delivery company, Phosphagenics Limited (ASX: POH; OTCQX: PPGNY), today announced that it has raised A$19.3 million via a placement of A$16.3 million to institutional investors in Europe, the U.S., Asia and Australia and A$3 million from a share purchase plan (SPP) to be offered to existing shareholders.  The placement of A$16.3 million will be made in two tranches.

"This capital raising positions us strongly to fulfil our commercialisation objectives and fully funds our scheduled TPM®/opioid clinical trial programs.  The capital raised is earmarked for our pivotal TPM®/Oxymorphone Phase 2 clinical trial in the USA scheduled for the first half of 2015 and our upcoming TPM®/Oxycodone Phase 2 trial in Australia," said CEO, Harry Rosen.

"The capital raising comes at a time when the Company is focusing on exploiting the commercialization of several of its lead programs.  We have recently strengthened our business development capacity in the U.S. to assist in this process.  While we have unquestionably shown that our technology provides enhanced delivery solutions across a wide range of products, we now need to translate this to commercial outcomes," said Harry Rosen.

The completion of this capital raising and the investment by new and existing institutional shareholders is a strong endorsement of the TPM® technology and commercial prospects of Phosphagenics.

The institutional placement is for initially 153,000,000 shares at 8 cents per share. This represents a discount of 11% to the last sale price of 9 cents.  A placement of a further 51,000,000 shares at the same pric
'/>"/>

SOURCE Phosphagenics Limited
Copyright©2014 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Phosphagenics Appoints Neura Therapeutik as US Strategic Commercial Advisors
2. Immunoprotein Diagnostic Testing Market - Forecasts to 2019: Expected to grow at the highest CAGR of 6% and is expected to be valued at USD 4,943.0 million
3. University Hospitals Case Medical Center Awarded $4.7 Million Grant from U.S. Department of Health and Human Services
4. Celsion Corporation Announces $15 Million At-The-Market Registered Direct Offering
5. 2013 Was a Multimillion-Dollar Year for The Trendlines Group
6. Isis Pharmaceuticals to Receive $7.5 Million from Alnylam
7. Sanomedics Secures $5 Million Revolving Credit Facility With TCA Global Credit Master Fund, LP To Fund Growth And Future Acquisitions
8. Forus Health Raises Rs 50 Crore ($8.2 Million) in Series B Funding Led by Asian Healthcare Fund
9. Adamas Pharmaceuticals Earns $40 Million in Milestone Payments from Forest Laboratories for MDX-8704
10. Oxford Finance Closes $25 Million Senior Credit Facility with Entellus Medical
11. Auspex Raises $35 Million And Appoints Industry Veteran Gerald Proehl To Its Board of Directors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/2/2015)... 2, 2015 Roche,s Bloodhound technology is ... segment in hematology testing, according to Kalorama Information.  ... unveiling of its Bloodhound digital cell imaging technology ... 511 hematology analyzer – is notable as ... by current leader CellaVision, but also compete more ...
(Date:7/2/2015)... Texas , July 2, 2015   EVO ... being the leading provider for non-invasive aesthetics in ... state-of-the-art tattoo removal treatments with the Astanza Duality laser. ... their well being through various medical and laser procedures. ... with unwanted ink a clear solution to their tattoo ...
(Date:7/2/2015)... 2, 2015   Decision Resources Group ... identify less frequent dosing as the highest unmet ... the burden on both patients and providers associated ... (VEGF) injections, which are the current standard of ... which is in development for dosing every two ...
Breaking Medicine Technology:Kalorama: With Bloodhound, Roche Closes in on High-Growth Hematology Segment 2Kalorama: With Bloodhound, Roche Closes in on High-Growth Hematology Segment 3EVO Offers Advanced Laser Tattoo Removal With Astanza Duality In Lakeway, TX 2Retinal Specialists Indicate Strong Desire for DME Therapies Which Induce Greater Vision Gains or are Administered Less Frequently Than Currently Approved Anti-VEGF Therapies 2Retinal Specialists Indicate Strong Desire for DME Therapies Which Induce Greater Vision Gains or are Administered Less Frequently Than Currently Approved Anti-VEGF Therapies 3
... 2011 Amicus Therapeutics (Nasdaq: FOLD ) today ... Chief Executive Officer to Executive Chairman in order to devote ... and philanthropic endeavors. In his role as Executive Chairman, Mr. ... the Board of Directors and will advise the current Amicus ...
... Susquehanna Growth Equity, LLC (SGE) today announced that ... provider of managed care information for the healthcare industry. ... interpretation of pharmaceutical and healthcare information from health plans ... managed markets. In addition, it offers data collection, analysis, ...
Cached Medicine Technology:Amicus Therapeutics Announces Transition of John F. Crowley from Chairman and Chief Executive Officer to Executive Chairman 2Susquehanna Growth Equity Acquires MediMedia Information Technologies, LLC 2Susquehanna Growth Equity Acquires MediMedia Information Technologies, LLC 3
(Date:7/3/2015)... ... 03, 2015 , ... B. E. Smith, the only full-service ... a national chief nursing officer recruitment for Jane Phillips Medical Center ... industry, B. E. Smith has recently placed more than 1,000 healthcare executives into ...
(Date:7/3/2015)... ... ... Jennifer Renee Hanes, DO is the new Medical Director of its Sienna ... freestanding emergency rooms in the United States. , “We are excited to welcome Dr. ... Medical Director of First Choice Emergency Room, Dr. James M. Muzzarelli. , Dr. ...
(Date:7/3/2015)... Red Deer, Alberta (PRWEB) , ... July 03, 2015 , ... ... Camp host their 24-Hour Train-a-Thon where they provide members of the Red Deer community ... This year’s full day of fitness training, games, food, events and entertainment raised thousands ...
(Date:7/2/2015)... ... July 02, 2015 , ... sweetFrog Enterprises, LLC. is pleased ... now the 19th sweetFrog store located in the Lone Star State. The premium frozen ... companies in 2014. , The store, which opened July 1 at Duke’s Travel Plaza, ...
(Date:7/2/2015)... Lincoln, RI (PRWEB) , ... July 02, 2015 , ... ... keep safety in mind. That’s why Amica Insurance is sharing some tips ... Safety Commission (CPSC), approximately 230 people go to the emergency room daily with fireworks-related ...
Breaking Medicine News(10 mins):Health News:Jane Phillips Medical Center Retains B. E. Smith to Recruit New Chief Nursing Officer 2Health News:Jane Phillips Medical Center Retains B. E. Smith to Recruit New Chief Nursing Officer 3Health News:Dr. Jennifer Renee Hanes Named by First Choice Emergency Room as Medical Director of Missouri City, TX Facility 2Health News:Dr. Jennifer Renee Hanes Named by First Choice Emergency Room as Medical Director of Missouri City, TX Facility 3Health News:Red Deer Fitness Studio Raises $10,000 for Charity Organization with 24-Hour Train-a-Thon 2Health News:Red Deer Fitness Studio Raises $10,000 for Charity Organization with 24-Hour Train-a-Thon 3Health News:sweetFrog Expands Texas Footprint with Location in Canton 2Health News:6 Fireworks Safety Tips from Amica Insurance 2
... World Dental Federation (FDI) to improve oral health in ... assist National Dental Associations (NDAs) in these countries to ... health. ,Unilever and FDI are calling the ... programmes and demonstrations. "We are extremely excited to be ...
... children in Ecuador whose mothers were exposed to pesticides while ... copy geometric figures as compared to a control group. This ... issue of Paediatrics. ,Philippe Grandjean, ... led a team of researchers and analyzed data on 72 ...
... transcription factors. The Snail factors are known to control ... in cancer. //They are thought to play a role ... Ph.D., formerly a Senior Research Associate at the Stowers ... Institute Investigator and an investigator with the Howard Hughes ...
... slower rate of caffeine metabolism as determined by their ... development of non-fatal heart attack, following increased intake of ... of caffeine and deserves the credit of being the ... have highlighted the possibility of cardiovascular disease as a ...
... Individuals, more specifically adults at risk of developing sickle ... simple test // that measures the levels of the ... genetic disorder characterized by sickle shaped red blood cells ... liver and red blood cells are some rich sources ...
... abortions, which may be a challenging to the women's right ... ,The law was essentially designed to challenge a ... that made it legal for women across the nation to ... of President George W. Bush's Republican Party, acknowledged as much ...
Cached Medicine News:Health News:LDH Measurement Can Predict Outlook Of Patients With SCD 2
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
Medicine Products: