Nuformix plc (LON:NFX), a pharmaceutical development company targeting unmet medical needs in fibrosis and oncology via drug repurposing, has announced a placing to raise gross proceeds of £168,750 through the issue of 250,000,000 new ordinary shares of 0.05 pence each in the capital of the Company at a price of 0.0675 pence per share. The New Ordinary Shares equate to approximately 17.6% of the Company’s currently issued share capital.
The net proceeds of the Placing will be used by the Company primarily to progress ongoing partnering discussions for its NXP002 programme, an inhaled treatment for idiopathic pulmonary fibrosis (IPF) and progressive pulmonary fibrosis (PPF), as well as to provide funding for general corporate purposes.
CMC Markets UK Plc, trading as CMC CapX, acted as the Company’s sole placing agent in respect of the Placing.