BOT 1.12% 8.8¢ botanix pharmaceuticals ltd

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    In August 2019, Botanix completed a A$40m US-led institutional placement. The funds from the
    placement enables Botanix to execute its key clinical development programmes and accelerate its
    broader commercialisation strategy. The Company is also expecting to receive approximately A$7m
    in R&D tax incentive in 4Q CY2019. Botanix is now fully funded to progress the development of its
    rosacea and antimicrobial programs into the clinic and undertake supportive studies required prior to
    commencement of Phase 3 studies for BTX 1503.
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