Biotech Orthocell looks to raise $8m in IPO

10 June 2014
Posted in Media
10 June 2014 Orthocell

Details of Orthocell’s upcoming ASX launch have been featured in the Australian Financial Review (AFR).

An excerpt from the article:

“Orthocell , a local biotechnology company that sells customised injectable human stem cell therapy for tendon injuries, is set to debut on the ASX in July as an $33 million company.

Up to 20 million shares are on offer in the float, priced at $0.40 per share to raise a maximum of $8 million. If the full amount is raised there will be a total of 77.5 million shares in the company at listing, giving it a market capitalisation of $82.5 million.”

Read the article HERE.