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Memphasys Raises $0.84m, Slashes Costs 40% to Boost Felix™ Rollout
9:25am on Monday 22nd of September, 2025 AEST
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Healthcare
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Memphasys Raises $0.84m, Slashes Costs 40% to Boost Felix™ Rollout
9:25am on Monday 22nd of September, 2025 AEST
Key Points
Placement raises $0.84 million with strong institutional and existing investor support
Non-renounceable rights issue planned to raise up to $1.12 million
Operating costs cut by 40%, from $3 million to $1.8 million in CY2026
Funds directed to contract delivery, manufacturing scale-up, and regulatory progress
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