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viewPhosphagenics Ltd

Phosphagenics to add to cash pile

The halt will remain in place until Tuesday 25th September 2017.

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The company's shares are in pre-open

Phosphagenics Ltd (ASX:POH) currently has circa $5 million in cash and receivables, and a handy $100 million in tax losses.

The company is focused on its proprietary drug delivery system called TPM® (Targeted Penetration Matrix).

Phosphagenics is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Tuesday 25th September 2017, or earlier if an announcement is made to the market.

Quick facts: Phosphagenics Ltd

Price: - -

ASX:POH
Market: ASX
Market Cap: -
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