5 Sep 2011

Biotech firm raises more than $15m

7:12 am on 5 September 2011

Biotechnology firm Pacific Edge says it's raised more than $15 million from institutional and habitual investors.

It received more than $3.5 million after completing a bookbuild on Friday, adding to the $11.4 million it had already raised.

Including a share placement it made in July, Pacific Edge, will use the $20 million collected to commercialise its Cxbladder cancer detection product in America.