Singapore biotech firm Austrianova secures US$100M investment

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Austrianova, a Singapore-based biotech company, has signed an agreement with Luxumbourg-based private alternative investment group GEM Global Yield to provide it with a share subscription facility of up to US$100 million for a 36-month term, following a public listing. The deal will allow Austrianova to draw down funds by issuing shares of common stock to GEM. Austrianova will control the timing…
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