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Solvonis raises £1.3m to fund three clinical programmes

Source: proactiveinvestors.co.uk

Company FundamentalsRegulation & LegislationCorporate Guidance & OutlookHealthcare & Biotech
Solvonis raises £1.3m to fund three clinical programmes

Solvonis Therapeutics raised £1.3 million via a share placing, issuing 1.08 billion new shares at 0.12p each. The heavy share issuance suggests dilution risk, which may pressure near-term shareholder returns despite providing incremental funding for its addiction and psychiatric pipeline.

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