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Proteomics International raises $8m in highly successful Placement

Proteomics International Laboratories Ltd, a pioneer in predictive diagnostics, is pleased to advise that it has received firm commitments for a share placement to raise $8 million (before costs) through the issue of 9.41 million shares in the Company (the “Placement”).

The Placement was heavily oversubscribed, supported by Australian-based institutions, and sophisticated and professional investors.

Funds from the Placement (after costs) will be used for:

  • Inventory build for the PromarkerD predictive test for diabetic kidney disease
  • Implement US sales and marketing for PromarkerD
  • Development of the Promarker™ diagnostics pipeline
  • General working capital

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