24th Mar 2016 12:03
LONDON (Alliance News) - Sareum Holdings PLC on Thursday said it raised GBP1.1 million in a placing to fund its drug development programmes and provide working capital.
The company sold 157.8 million new shares at 0.7 pence per share, according to a statement.
Hybridan LLP and WH Ireland Ltd handled the drug discovery and development company's placing.
Shares in Sareum were down 20% at 0.650p on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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