(Alliance News) - Incanthera PLC on Friday said it has raised GBP2.6 million through a subscription of shares.
The Manchester-based oncology and dermatology treatments manufacturer said it has raised GBP2.6 million through a subscription of 17.4 million shares.
Shares in the company closed down 2.5% to 23.6 pence each in London on Friday.
Chair Tim McCarthy says: "Our growth story and the potential for global commercial opportunities has attracted support from respected City institutional investors, both existing shareholders and new investors into our company, raising GBP2.6 million. These funds are being immediately deployed into the scale up of inventory in preparation for the launch and roll out of Incanthera's Skin +CELL range, driving growth, revenues and profitability, to the benefit of all shareholders."
By Sophie Rose, Alliance News senior reporter
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