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Pacific Edge Limited ( (PFGTF) ) just unveiled an announcement.
Pacific Edge Limited has announced the opening of a $5.0 million Share Purchase Plan (SPP) aimed at raising capital to support its operations and strategic initiatives. The plan follows a successful conditional placement of $16.1 million in new shares, contingent on shareholder approval. The funds raised will be used to extend the company’s cash runway, accelerate the adoption of its Triage product in the U.S., continue clinical evidence generation, and invest in product development for international market entry. This move is seen as a strategic effort to maintain commercial momentum and capitalize on recent inclusions in medical guidelines, despite challenges such as Medicare non-coverage.
More about Pacific Edge Limited
Pacific Edge Limited is a cancer diagnostics company that specializes in developing and commercializing diagnostic tests for the detection and management of cancer. The company focuses on leveraging its proprietary technology to provide innovative solutions in the healthcare industry, particularly targeting the U.S. market.
Learn more about PFGTF stock on TipRanks’ Stock Analysis page.