Sphere Medical - Capital Network: Monitoring System that Could be Transformational
Published: 10:48 03 Apr 2017 BST
Sphere Medical is launching Proxima 4, the first patient-attached blood gas and electrolytes (BGE) monitoring system on the market, which could transform the way critically ill patients are treated.
Executive summary
With cash-on-hand of £3.2 million as of December 2016 (vs £10.0 million at end-2015), we would expect the company to raise capital in the course of 2017, likely through a rights issue or convertible notes.
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