Prevail Partners to invest again in Hemogenyx

3 October 2024

Shares of UK drug developer Hemogenyx Pharmaceuticals (LSE: HEMO) rose as much as 9% and closed up 5.9% at 1.70 pence yesterday on the news of a further investment from Prevail Partners.

The investment fund has agreed to invest a total of $350,000 (approximately £269,000) in the company through a subscription for ordinary shares in Hemogenyx at a price of $0.075 per share (approximately 5.6 pence). This follows a similar investment in the company by Prevail Partners announced on September 18, 2024. The subscription price represents a premium of approximately 275% to the Company's closing share price on 1 October 2024.

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