Shares of pharmaceutical company, N4 Pharma are on the slide on Wednesday after the company revealed it has raised £2 million through a placing of 25 million ordinary shares.
The placing, which was significantly oversubscribed, was undertaken by SP Angel Corporate Finance LLP, with N4 saying that the shares had an issue price of 8p.
“We are delighted with the positive response to our recent formulation work. With vaccines and their delivery very much in the public consciousness we continue to grow our data package to present Nuvec as a viable delivery technology solution to improve the delivery, storage and transportation of multiple existing and new vaccines,” commented N4 Chief Executive, Nigel Theobald.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The company said that the funds raised will be used for the extension of the formulation and current stability work covering DNA and mRNA formulations, research and evaluation of an additional asset to add to the company’s portfolio, and business development and ongoing working capital.
N4 Pharma shares are currently down over 12% at 8.70p, having fallen over 12% earlier in the day to lows of 8.30p.
PEOPLE WHO READ THIS ALSO VIEWED:
