Oxford Biodynamics (OBD)

0.45p
   
  • Change Today:
      0.13p
  • 52 Week High: 8.69
  • 52 Week Low: 0.31
  • Currency: UK Pounds
  • Shares Issued: 1,957.58m
  • Volume: 41,915,956
  • Market Cap: £8.81m

Oxford Biodynamics raises £9.1m in placing

By Michele Maatouk

Date: Friday 07 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Biotech company Oxford BioDynamics said on Friday that it has conditionally raised around £9.1m in a placing to accelerate the commercialisation of a cancer test.
The group, which develops targeted clinical diagnostic tests for immune health based on the EpiSwitch®3D genomics platform, placed just over 45m shares at 20p each. This is a 33% premium to the closing mid-market price on 6 October.

Chief executive officer said: "It is with pleasure that we announce the conditional fundraising today. Subject of course to shareholder approval, the incoming funding will allow us to continue with the near-term commercialisation of our EpiSwitch® platform and in particular to better support our teams' activity to increase the adoption of EpiSwitch® CiRT.

"I am happy to report that the fundraise is at a significant premium to the company's recent share price: by investing at this level, placees have demonstrated their continued belief in the value of the company and its products."

The company launched its flagship product, the EpiSwitch® CiRT (Checkpoint Inhibitor Response Test) for cancer, in February 2022.

It said EpiSwitch® CiRT is a first-of-its-kind precision medicine test that predicts a cancer patient's likely response to Immune Checkpoint Inhibitors (ICIs), including anti-PD-L1 and anti-PD-1 therapies.

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OBD Market Data

Currency UK Pounds
Share Price 0.45p
Change Today 0.13p
% Change 38.46 %
52 Week High 8.69
52 Week Low 0.31
Volume 41,915,956
Shares Issued 1,957.58m
Market Cap £8.81m

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Trades for 30-May-2025

Time Volume / Share Price
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16:19 10 @ 0.45p
16:11 56,891 @ 0.45p

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