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Inverness Medical nets $145.4mm with private financing

Executive Summary

Inverness Medical Innovations (diagnostics for cancer and cardiovascular and infectious diseases) has netted $145.4mm with the private placement of 5mm common shares priced at $30.25 each (an 8% discount) to 17 accredited institutional investors.
Deal Industry
  • Biotechnology
  • In Vitro Diagnostics
  • Medical Devices
  • Pharmaceuticals
    • Nutraceuticals
  • In Vitro Diagnostics
    • Chemistry, Immunoassay
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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