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Chris Abbott-backed Genetic Signatures raises $30 million

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Listed molecular diagnostics biotech Genetic Signatures had secured interest for a $30 million equity raising by Monday evening, after sending out stockbrokers Bell Potter and Taylor Collison to drum up fresh funds.

Genetic Signatures CEO John Melki with co-founder of fund manager Maple-Brown Abbott, Chris Abbott, who is a major shareholder through his private investment firm. Louise Kennerley

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/chris-abbott-backed-genetic-signatures-raises-30-million-20240603-p5jiy8