Benitec Hopes to Raise $5M to Continue Reorg, Fend Off Nucleonics' IP Challenges | GenomeWeb
Benitec announced this week a stock rights issue plan designed to raise as much as Aus$6.5 million ($5.1 million), which it would use to support the beleaguered RNAi drug firm’s efforts to fend off ongoing litigation and continue a corporate reorganization.
 
Cash raised would also more than compensate for a share-purchase plan that would have brought in Aus$500,000 but failed to its meet minimum investment level last year.
 

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