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QRxPharma raises $25m from local, US and UK funds

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QRxPharma, Genetic Technologies and Crusader Resources featured in capital raising news on Friday.

■ QRxPharma raised $25 million in a placement to Australian, US and UK-based fund managers. The company also launched a one-for-20 non-renounceable rights issue to raise another $10.4 million. RBS Morgans and Bell Potter led the deal.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/companies/qrxpharma-raises-25m-from-local-us-and-uk-funds-20110722-i4vl1