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Biocartis closes oversubscribed €55.5mm PIPE

Executive Summary

Biocartis NV raised €55.5mm ($63mm) through an oversubscribed private placement of 5mm new shares at €11.10 apiece (an 8% discount). Funds will support expansion of the Idylla test menu and applications. The fully automated real-time PCR system's menu currently includes tests for melanoma, lung, and colorectal cancers, with assays available for both solid and liquid samples. Proceeds will also go towards sales and marketing activities, manufacturing, and working capital.
Deal Industry
  • Biotechnology
    • Pharmacogenetics-Pharmacogenomics
  • In Vitro Diagnostics
    • Chemistry, Immunoassay
    • Molecular Diagnostics & Genetic Testing
  • Research, Analytical Equipment & Supplies
    • PCR & Amplification Tools
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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