Ondine Biomedical Raises GBP5 Million to Extend Cash Runway
29 april, 10:41
29 april, 10:41
04:41 AM EDT, 04/29/2026 (MT Newswires) -- Ondine Biomedical (OBI.L) raised gross proceeds of 5 million pounds sterling through a share placing and subscription.
The British life sciences company will issue 41,666,667 common shares at 0.12 pound sterling apiece, including 1,354,645 shares for some of its directors, according to a Wednesday release.
The fundraising is expected to extend the company's cash runway until early in the fourth quarter.
29 april, 10:41
04:41 AM EDT, 04/29/2026 (MT Newswires) -- Ondine Biomedical (OBI.L) raised gross proceeds of 5 million pounds sterling through a share placing and subscription.
The British life sciences company will issue 41,666,667 common shares at 0.12 pound sterling apiece, including 1,354,645 shares for some of its directors, according to a Wednesday release.
The fundraising is expected to extend the company's cash runway until early in the fourth quarter.
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