London--(Marketwire - July 30, 2007) -
Curidium Medica plc
("Curidium" or the "Company")
CURIDIUM CLOSES ON GBP2.5 MILLION FINANCING
- New funding to accelerate Company's Growth Strategy -
London, UK, 30 July, 2007, Curidium Medica plc, (LSE: CUR) today announced that
it has placed 100,000,000 0.1 pence ordinary shares with strategic investors at
a price of 2.5 pence per share resulting in gross proceeds of GBP2,500,000 to the
Company.
The proceeds of the placing will be used to expand the Company's business and
product development activities including the opportunities that have come with
the recent discovery of Curidium's proprietary PsychINDx test.
"I am very pleased with the new investment in the Company" said Gosse B.
Bruinsma MD, Executive Chairman of Curidium, "This financing reflects continued
confidence in Curidium's platform and management and will help accelerate the
Company's development in the personalized medicine space over the near term."
The new shares will be admitted to trading on AIM on 1 August 2007. Following
this transaction the Company will have 557,811,392 ordinary shares in issue. As
part of the transaction, the lead investor will also receive options to buy
5,000,000 ordinary shares at 2.5 pence exercisable during the next 5 years.
For further information please contact:
Gosse Bruinsma +44 (0) 20 7554 8790
Chairman, Curidium Medica plc
Rob Smith +44 (0) 20 7554 8793
Finance Director, Curidium Medica plc
Rhodri Cruwys / Romil Patel +44 (0) 20 7448 4400
Blue Oar Securities Plc
Billy Clegg / Edward Westropp / Anna Keeble + 44 (0)20 7831 3113
Financial Dynamics
Notes to Editors
Curidium Medica
Curidium is a personalized medicine company identifying targeted medicines and
companion diagnostics to treat patients more effectively.
Curidium's initial focus on diseases of the Central Nervous System has resulted
in the identification of a blood diagnostic test, PsychINDx™, which
classifies patients with schizophrenia/bipolar disorder into four subgroups.
PsychINDx™ may have the potential to improve the treatment of
schizophrenic/bipolar disorder patients and may support the development of new
drug treatments targeted for the different patient subgroups.
Many chronic human diseases are heterogeneous and their patient populations
consist of mixed subgroups. Through the use of its proprietary analysis tool,
Homomatrix®, Curidium aims to reveal different patient subgroups characterized
by distinct underlying disease mechanisms potentially leading to the
identification of:
1) Diagnostics for better identification and treatment within heterogeneous
disease populations,
2) Improved therapies identified through novel drug targets
3) Personalized medicines using Companion Diagnostics and targeted treatments.
Curidium aims to continue to use this approach to improve patient treatments in
a variety of therapeutic areas.
Further information on Curidium can be found at the Company's website:
www.curidium.com.
Curidium Medica plc (c) 2002-2007. All rights reserved.
Hamilton House, Mabledon Place, London WC1H 9BB, United Kingdom.
Email:
info@curidium.com Tel.: +44 (0)20 7554 8790, Fax: +44 (0)20 7554 8791
This information is provided by RNS
The company news service from the London Stock Exchange