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Nova Eye Medical ( (AU:EYE) ) has issued an announcement.
Nova Eye Medical Limited has successfully completed a $6.6 million capital raise through a two-tranche placement supported by both new and existing investors. The funds will be used to expand sales teams in the US and Germany, enhance product development, and support working capital. The company has seen significant global sales growth, particularly in the US, and anticipates its glaucoma division to become profitable in the latter half of FY25.
More about Nova Eye Medical
Nova Eye Medical Limited is a medical technology company focused on advanced ophthalmic treatment technologies and devices, with a particular emphasis on innovative glaucoma treatment solutions.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $23.58M
See more insights into EYE stock on TipRanks’ Stock Analysis page.
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