Belluscura Raises £1.92M for Medical Device Growth

Belluscura PLC (GB:BELL) has released an update.

Belluscura PLC, a medical device developer, has successfully passed resolutions in a General Meeting to raise £1.92 million through a Loan Note Placing and Share Subscriptions. Shareholders approved the allotment of shares and the disapplication of pre-emption rights with nearly unanimous support. The funds will bolster working capital, aiding in the sales growth of their portable oxygen concentrators, X-PLOR® and DISCOV-R™.

For further insights into GB:BELL stock, check out TipRanks’ Stock Analysis page.