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Gary Paykel-backed NZ biotech launches capital raise; Ords on ticket

New Zealand-based biotech Auckland BioSciences is in the market seeking to raise $NZ10 million ($9.2 million) from high net-worth-investors.

Auckland BioSciences sources its serum from cows, sheet and pigs. Getty

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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/gary-paykel-backed-nz-biotech-launches-capital-raise-ords-on-ticket-20230830-p5e0qa