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EMV - EMVISION MEDICAL DEVICES LTD


nipper
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EMVision Medical Devices has tapped Blue Ocean Equities to pitch an equity raising to investors on Friday.

 

The imaging technology company is looking to raise $4 million in a share placement at 74Ãâہ¡ÃƒÆ’‚¢; a 12.9 per cent discount to its 85Ãâہ¡ÃƒÆ’‚¢ last close. Bids were due by 4pm Monday, according to a terms sheet sent to fund managers.

 

The medical device firm's main product is a brain scanner, used to diagnose and monitor stroke and traumatic brain injury.

 

The company has a $49 million market capitalisation and is lead by Dr Ron Weinberger, the former head of $2 billion sterilisation company Nanosonics.

 

Funds raised will be used for product development and clinical validation

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