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Pacific Edge Initiates NZ$20 Million Capital Raise to Bolster Growth and Regain Medicare Coverage

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Pacific Edge Initiates NZ$20 Million Capital Raise to Bolster Growth and Regain Medicare Coverage

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Pacific Edge Limited ( (PFGTF) ) has issued an update.

Pacific Edge Limited has announced a NZ$20 million capital raise to support its operations and strategic objectives. The funds will be used to extend cash reserves, accelerate the adoption of its Triage product in the US, and regain Medicare coverage for its tests. This capital injection aims to sustain the company’s growth momentum and support product innovation, particularly in international markets, while addressing the recent loss of Medicare coverage.

More about Pacific Edge Limited

Pacific Edge Limited is a cancer diagnostics company that specializes in developing and commercializing diagnostic tests for the early detection and management of cancer. The company focuses on providing innovative solutions in the oncology sector, with a particular emphasis on non-invasive bladder cancer tests.

Learn more about PFGTF stock on TipRanks’ Stock Analysis page.

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