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Arix Bioscience PLC

Arix Bioscience acquires stake in novel firm developing sickle cell treatment

Arix Bioscience PLC (LON:ARIX) investment associate John Cassidy talks Proactive London through its decision to invest US$15mln (£11.3mln) in Imara - a firm which is developing treatments for sickle cell disease.

Through the deal Arix receives a 10% stake in the company while also expanding the breadth of its portfolio.

Quick facts: Arix Bioscience PLC

Price: £1.16

Market: LSE
Market Cap: £156.56 m
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