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Medlab Clinical completes $15m cap raise
Australian law firm McCabe Curwood has advised Medlab Clinical on its multimillion-dollar capital raising.
Emma Musgrave
Firm: McCabe Curwood (Medlab Clinical)
Value: $15 million.
Area: Banking and finance.
Key players: The legal team advising Medlab Clinical was led by McCabe Curwood principal Jason Lambeth and senior associate Olena Brodovska.
Deal significance: Medlab Clinical is an ASX-listed medical life science company, which develops therapeutic pathways for diagnosed chronic diseases.
The capital raising, advised by McCabe Curwood, finalised on 19 March 2021. It raised $15 million through a two-tranche placement of 62,500,000 new shares, valued at 24 cents a share.
According to a statement from McCabe Curwood, the $15 million raised will be used to fund projects for Medlab Clinical over the next 12 months. These projects include phase 3 clinical trials in Australia, the UK and the US.
“I am very pleased to have advised Medlab Clinical Ltd in relation to this placement raising,” commented McCabe Curwood principal Mr Lambeth.
“We are thrilled with its success.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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