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LiDCO raises new cash to fund expansion

16 November 2007

LiDCO, the cardiovascular monitoring company, is raising £2.0 million before expenses through a share placing to fund the marketing of its growing product range.

The move saw the placing of 23,647,074 new ordinary shares of 0.5p at a price of 8.5 pence per share with institutional investors and high net worth individuals, including Dr Terry O'Brien, LiDCO's chief executive.

Terry O'Brien said: “I am especially pleased that investors on both sides of the Atlantic have joined in this placing which will help us to further promote our new and existing products to the growing minimally invasive hemodynamic monitoring market.”






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