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Polarean Imaging PLC begins first day of trading on AIM

Polarean Imaging PLC (LON:POLX) chief executive Richard Hullihen dropped into the Proactive studio as the medtech firm kicked off its first day of trading on AIM.

The company raised gross proceeds of £3mln via the placing of 20mln ordinary shares at a price of 15p - representing 27.3% of the company’s share capital.

Hullihen says the point of coming to the market was specifically to raise the cash for their upcoming Phase III trials for their drug-device technology.

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