Redx raises £10m

Liverpool-headquartered drug developer Redx Pharma has raised £10m before expenses through a share placing. The business said that the major part of the net proceeds would be used to progress its pipeline and further develop other assets in immune-oncology, infection and immunology.

Neil Murray, chief executive of Redx, said: “We are delighted to have successfully raised these new funds with approximately half coming from new institutional investors and also with very strong support from our existing shareholders.”

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