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Rhythm Biosciences Raises $3.75M to Launch ColoSTAT® and Expand geneType™

9:43am on Monday 18th of August, 2025 AEST Healthcare
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Rhythm Biosciences Raises $3.75M to Launch ColoSTAT® and Expand geneType™

9:43am on Monday 18th of August, 2025 AEST
Key Points
  • Placement to raise up to $3.75 million via ~41.6 million new shares at $0.09 each
  • New shares represent a 14.7% dilution of existing capital
  • Funds earmarked for ColoSTAT® commercial launch and geneType™ market expansion
  • Directors to participate subject to 2025 AGM approval
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