Volpara Health to raise A$18 mln to fund US, Asian expansion

Sun, 29 Apr 2018

By Rebecca Howard April 30 (BusinessDesk) - ASX-listed Volpara Health Technologies is raising A$18 million through a placement to institutional investors and a share purchase plan to speed up growth in the US and fund the rollout of direct sales into Asia. Wellington-based Volpara, which focuses on early detection of breast cancer using artificial intelligence, is raising A$15 million selling shares in a placement at 60 Australian cents apiece to institutional investors, a 13 percent discount to the last trading price before the shares w...

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