Rex Bionics in strategic funding discussions

Tue, 14 Mar 2017

By Rebecca Howard March 15 (BusinessDesk) - Rex Bionics Plc, the New Zealand firm listed on the London Stock Exchange's AIM market, said it will likely require external funding by April to remain a going concern. The London-based company, whose REX exoskeletons allows wheelchair-bound people to walk, said the capital required by the company appears unlikely to be readily available from new public market portfolio investors. As a result, it has been exploring a potential product development agreement with a "substantial international part...

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