Genera completes A$25M IPO offering
Melbourne, Australia-based Genera Biosystems has closed its initial A$25.0 million ($23.8 million) public offering of shares on the ASX exchange oversubscribed.
Having met ASX requirements for shareholder spread, the firm expects to begin trading during the week of June 2. Successful applicants will receive their holding in the next two weeks.
Genera develops and manufactures molecular diagnostic tests used by pathology laboratories to identify infectious diseases. The first of these, PapType, identifies the human papillomavirus in cervical smear specimens. The company also has a test for other sexually-transmitted disease at an advanced stage of preclinical development.
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