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Isofol Medical AB Announces Final Terms for Rights Issue to Fund Expanded Cancer Study

Story Highlights
  • Isofol Medical AB is a biotech firm focused on cancer treatment development.
  • Isofol plans a rights issue to raise funds for a Phase II study, potentially securing 86 million SEK.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Isofol Medical AB Announces Final Terms for Rights Issue to Fund Expanded Cancer Study

Confident Investing Starts Here:

An announcement from Isofol Medical AB ( (SE:ISOFOL) ) is now available.

Isofol Medical AB has announced the final terms for its rights issue and potential overallotment issue, aimed at raising funds for an expanded Phase II study. The rights issue is expected to raise approximately 86 million SEK initially, with additional funds possible through warrants, supporting the company’s efforts to enhance its clinical data and strengthen its position in the oncology sector.

More about Isofol Medical AB

Isofol Medical AB is a biotechnology company based in Gothenburg, Sweden, focusing on developing treatments to improve the outlook for cancer patients worldwide. The company is listed on Nasdaq Stockholm and is involved in clinical studies to generate new data for its medical advancements.

Average Trading Volume: 562,276

Current Market Cap: SEK187.8M

For a thorough assessment of ISOFOL stock, go to TipRanks’ Stock Analysis page.

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