ONWARD Medical Raises 40.6 Million Euros from Institutional Investors
ONWARD Medical announced on Monday the closure of its private placement with institutional investors. The new shares from this fundraising are now admitted to trading on Euronext Brussels, Amsterdam, and Paris.
The private placement generated a gross product of 40.6 million euros from institutional investors. The newly issued shares are already listed and tradable on the three Euronext exchanges: Brussels, Amsterdam, and Paris, under the ticker ONWD.
About ONWARD Medical
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ONWARD Medical is a neurotechnology company based in the Netherlands, with a scientific and engineering center in Switzerland and an office in Boston, Massachusetts, USA. The company develops therapies to restore mobility, motor functions, and independence in patients with spinal cord injuries and other movement disorders. It has developed its proprietary ARC Therapy technology and has received ten Breakthrough Device designations from the FDA. Its ARC-EX® system is authorized for marketing in the United States and Europe. ONWARD Medical is also developing an investigational implantable system called ARC-IM®, designed to address unmet medical needs including tension instability after spinal cord injury, and can be combined with a brain-computer interface and artificial intelligence.
Launch of ARC-EX continues to be a resounding success...
Risks mentioned
Retard dans les approbations réglementaires pouvant affecter les délais.
Concurrence accrue dans le secteur de la neurotechnologie.
Opportunities identified
Lancement du système ARC-EX avec succès aux États-Unis.
Récupération de la demande soutenue pour la technologie de stimulation.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
