Acrux Limited (AU:ACR) has released an update.
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Acrux Limited has successfully raised approximately $2.65 million through a share placement, issuing over 65 million shares to institutional and professional investors at 3.5 cents each. This strategic move is expected to bolster the company’s financial position, enhancing its capability to develop and market affordable pharmaceutical products. With its focus on topical generic products, Acrux continues to seek commercial partnerships to expand its reach.
For further insights into AU:ACR stock, check out TipRanks’ Stock Analysis page.