logo-loader
viewPolarean Imaging PLC

Polarean Imaging raises £2.1mln in share placing

“We are now entering a crucial period in Polarean's development and I look forward to providing our shareholders with further updates as appropriate," said chief executive Richard Hullihen.

Polarean
Polarean said the placing will allow for the swift completion of enrolment for clinical trials

Polarean Imaging PLC (LON:POLX) has raised £2.1mln through a share placing to strengthen the company’s balance sheet and to support phase III clinical trials and product launch planning.

The medical-imaging technology firm issued more than 11.6mln ordinary shares at a price of 18p each.

"We thank our shareholders for their support on this placing which will enable the swift completion of enrolment for the clinical trials via the addition of a third trial site at the University of Cincinnati, allow us to focus our undivided attention on completion of the new drug application and submission following readout and provide valuable resource for post submission launch preparation and planning," said chief executive Richard Hullihen.

"We are now entering a crucial period in Polarean's development and I look forward to providing our shareholders with further updates as appropriate."

Quick facts: Polarean Imaging PLC

Price: 20 GBX

AIM:POLX
Market: AIM
Market Cap: £22.89 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Polarean Imaging PLC named herein, including the promotion by the Company of Polarean Imaging PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Polarean Imaging eagerly awaiting readouts from its key phase III clinical...

Polarean Imaging PLC's (LON:POLX) Richard Hullihen speaks to Proactive London's Andrew Scott following the news they've now completed patient enrolment for the phase III clinical trials of its MRI lung scan technology. He says the trials are now in the image and statistical analysis stage, a...

on 7/11/19

2 min read