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Oncimmune Holdings draws down final tranche of IPF facility

The new funds will be used to bankroll its commercial push based around its EarlyCDT technology, which is used to detect cancer

Oncimmune -
The company is on the commercial growth trail

Oncimmune Holdings PLC (LON:ONC) has drawn down €3.5mln from its credit facility with IPF Management.

It is the second and final tranche from the facility after the diagnostics specialist banked €5mln on September 20.

The new funds will be used to bankroll its commercial push based around its EarlyCDT technology, which is used to detect cancer.

Last week (October 31), the company said it had “minimum sales commitments” of £42mln as it provided an update on its financial and operational progress.

Quick facts: Oncimmune

Price: 149.5 GBX

AIM:ONC
Market: AIM
Market Cap: £94.99 m
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