Cyclopharm Doubles SPP Target, Secures $4M
Company Announcements

Cyclopharm Doubles SPP Target, Secures $4M

Cyclopharm Limited (AU:CYC) has released an update.

Cyclopharm Limited has successfully doubled its Share Purchase Plan (SPP) goal, raising $4 million due to substantial shareholder support, following a $20 million raise from institutional investors. The Australian radiopharmaceutical company is now fully funded to expand the manufacture and sales of its flagship product, Technegas®, which has recently received USFDA approval and reimbursement authorization. The new shares will be issued at $1.42 each, enhancing the company’s capacity to seize growth opportunities.

For further insights into AU:CYC stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App