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Replica Prada Get daily updates directly to your inbox+ SubscribeThank you for subscribing!The diagnostics device firm, which makes the Proxima system, has de listed from the AIM market as part of the fundraising effort, which has seen the Woodford Investment fund take a 57 per cent stake in the company.In August the company announced that it would run out of cash by the end of September unless it could raise more funds to satisfy its working capital needs. It had hoped that, on top of a investment from Woodford, a further could be found from new and existing investors, but it seems this has yet to materialise.As a result of the investment round, the Wales Life Sciences Investment Fund LP now owns 18.8 per cent of the company’s issued share capital. Its AIM listing was cancelled on September 20 after getting the approval of shareholders.Sphere Medical seeks short term cash boostA revised business strategy will see the company’s operations reduced by 35 per Prada Outlet cent, and this will apparently mean “some redundancies” at Sphere, though at present it is unclear how many or whether these will be in Cambridge or at the firm’s site in St Asaph, Wales.The man overseeing that strategy will be Luci van Os, who is currently Sphere’s chief operating officer but will take over as CEO at the end of the month. Replica Prada

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