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Adherium Ltd. ( (AU:ADR) ) has issued an announcement.
Adherium Limited has successfully secured A$0.35 million through an institutional placement to bolster its financial flexibility and working capital. This capital raise, alongside existing cash reserves and proceeds from a recent entitlement offer, positions Adherium to pursue organic growth opportunities and strengthens its balance sheet, enhancing its ability to execute strategic objectives.
More about Adherium Ltd.
Adherium is a global leader in connected respiratory medical devices and digital health solutions. The company’s Hailie® platform enables clinicians, healthcare providers, and patients to monitor medication usage and adherence remotely, supporting patient management reimbursement. The platform includes mobile and desktop apps, SDK, API integration tools, and a range of sensors for respiratory medications, providing healthcare providers with insights into medication use history for better understanding of patient respiratory disease patterns.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.98M
For detailed information about ADR stock, go to TipRanks’ Stock Analysis page.