The funds were apparently raised from institutional investors.
D Medical Industries Ltd. (TASE:DMDC) has raised NIS 4 million at NIS 0.98 per share. The money was apparently raised from institutional investors. After the announcement of the investment, the share fell from NIS 1.02 to NIS 0.88, giving a market cap of NIS 109 million.
D Medical is a medical devices holding company with two main subsidiaries. NiliMedix Ltd. is developing an insulin pump, and Sindolor Ltd. is developing a next-generation drug delivery system for regular subcutaneous injection using safety needles based on its proprietary EZject technology.
Published by Globes [online], Israel business news - www.globes-online.com - on May 4, 2008
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