NetworkNewsBreaks – AnPac Bio-Medical Science Co
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Posted On: 09/27/2022 5:14:39 PM
NetworkNewsBreaks – AnPac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC), New Investor Group Sign $3.67M Equity Investment Agreements
AnPac Bio-Medical Science (NASDAQ: ANPC), a biotechnology company with operations in the United States and China focused on early cancer screening and detection, has entered into legally binding investment agreements with nine institutional and individual investors; the agreements outline an investment in the company of approximately $3.67 million. According to the announcement, the various shares purchase agreements outline plans for a private offering of $3.67 million earmarked to purchase 36.7 million of the company’s Class A shares; the company anticipates that the investment will be complete this month. “This equity investment is important to the company’s operations as well as research and development, including its Class III medical device clinical trial,” said AnPac Bio-Medical Science coCEO and cochair Dr. Chris Yu in the press release. “We believe the investments signal continued confidence in the long-term and fundamental prospects of our company and its technology. We are entering into the critical class III medical device clinical trial at three well-known hospitals. The successful completion of this clinical trial and obtaining a class III medical device license is very important to our efforts to commercialize our cancer-detection technology and company valuation. We believe we have a very strong innovation track record in addition to the world’s largest multicancer detection sample size.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
AnPac Bio-Medical Science (NASDAQ: ANPC), a biotechnology company with operations in the United States and China focused on early cancer screening and detection, has entered into legally binding investment agreements with nine institutional and individual investors; the agreements outline an investment in the company of approximately $3.67 million. According to the announcement, the various shares purchase agreements outline plans for a private offering of $3.67 million earmarked to purchase 36.7 million of the company’s Class A shares; the company anticipates that the investment will be complete this month. “This equity investment is important to the company’s operations as well as research and development, including its Class III medical device clinical trial,” said AnPac Bio-Medical Science coCEO and cochair Dr. Chris Yu in the press release. “We believe the investments signal continued confidence in the long-term and fundamental prospects of our company and its technology. We are entering into the critical class III medical device clinical trial at three well-known hospitals. The successful completion of this clinical trial and obtaining a class III medical device license is very important to our efforts to commercialize our cancer-detection technology and company valuation. We believe we have a very strong innovation track record in addition to the world’s largest multicancer detection sample size.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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