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Itaconix CEO John Shaw welcomes 'tremendous response' to $2.2mln fundraise

Itaconix PLC (LON:ITX) CEO John Shaw speaks to Proactive London's Andrew Scott following confirmation they've raised £1.76mln ($2.2mln) through an oversubscribed placing and subscription from existing and new investors.

Shaw says the cash is expected to provide them with sufficient funding until at least the end of 2021 during which time they expect to make significant progress towards break-even profitability.

Quick facts: Itaconix PLC

Price: 5.7 GBX

LSE:ITX
Market: LSE
Market Cap: £24.65 m
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