Trinity Biotech secures an additional $7.0 million investment from Perceptive Advisors to support its strategic growth initiatives and regain compliance with Nasdaq's requirements.
Amount Raised
$7 Million
Round Type
Venture
BrayManufacturingBiotechnologyHealth CareInvestors
Description
Trinity Biotech plc announces it has secured an additional investment of approximately $7.0 million from Perceptive Advisors. This investment will strengthen the company's liquidity and support strategic growth initiatives, including advancements in its CGM+ platform. The funding helps Trinity Biotech regain compliance with Nasdaq's minimum bid price requirement. Perceptive Advisors is the company's largest financial investor and primary lender.
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