Sign up Australia
Proactive Investors - Run By Investors For Investors

Medlab Clinical seeks up to $9M through IPO

Medlab Clinical seeks up to $9M through IPO

Medlab Clinical Limited is seeking up to $9 million through an initial public offering to develop its existing nutraceuticals business and carry out further research and development of new nutraceutical products.

The company is offering a minimum of 30 million shares to raise a minimum of $6 million and a maximum of 45 million shares to raise $9 million.

Adding interest, the company is backed by the Hall family, which has successfully built and then sold four nutraceutical companies over the last 30 years.

This included the 2012 sale of FIT-BioCeuticals Limited to Blackmores Limited for approximately $40 million.

The company has an extensive patent portfolio. In addition to the 10 provisional patents lodged, there are a further 5 more in draft

This is anticipated to grow significantly as further products are developed and launched.

Medlab develops nutritional pharmaceutical with an initial focus on probiotics.

These products take advantage of the growing scientific evidence of the links between certain bacteria and gastrointestinal health.

Its initial five products seek to improve gut health, energy levels and protein absorption.

Similar to the BioCeuticals business, Medlab’s products are being marketed to registered practitioners. The current global market for probiotics is estimated to be US$30 billion and is expected to grow to US$45 billion by 2018.   

In addition, Medlab’s research and development program has targeted the development of bacteria-based medicines in five specific areas:

- Anti-ageing;
- Chronic kidney disease;
- Depression;
- Obesity; and
- Pain management.

Human trials for products to alleviate obesity and depression commenced in February 2015. The trials for pain management using medicinal cannabis are awaiting supply approval from the NSW Government.

The company has also established a licensed biologics facility in Sydney as well as sales offices in Australia and the U.S.

Medlab is expected to list as MDC.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

View full MDC profile View Profile

Medlab Clinical Timeline

Related Articles

Microbes
April 16 2017
Stephen O’Hara created Opti as a company all by himself in 2012 as a business focused on the rapidly growing microbiome space, which harnesses the positive benefits of microbes that live on the human body
1-Operation.jpg
January 19 2017
Deltex’s overseas sales are booming but its previously dominant NHS revenues are dropping off
pregnant woman sitting in park
June 13 2017
The £225,000 order is from HuanZhong Biotech, Concepta’s partner in China

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use