Pacific Edge launches $24m capital raise as revenue falls
The cancer diagnostics company has reined in its cash burn until Medicare reimbursement of its US tests is resumed.
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Dual-listed cancer diagnostics company Pacific Edge is raising up to $24 million at 17 cents per share in order to have the resources and capacity to regain Medicare coverage.
The offer comprises a placement of $18m new shares to eligible investors, which equals 10.1% of the current market
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