Inify secures $12.3 million, plans UK expansion
Swedish biotech company Inify Laboratories has raised approximately 135 million kroner ($12.3 million) through a private placement, supporting a planned expansion into the UK.
The money, which will also be used for general corporate purposes, was raised from existing shareholders, with a subsequent offering scheduled for January set to target a broader range of investors.
Inify has established a significant partnership with the Department of Molecular Medicine and Surgery at Karolinska Institutet, focusing on enhancing precision diagnostics in prostate cancer through AI-driven image analysis.
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