Camille Morin

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Auxita announces the successful closing of A$5 million, third-round equity placement

Posted by Camille Morin on 10/11/19 7:19 PM

Brisbane, Australia – November 11, 2019 – Auxita, today announced that it has successfully closed an oversubscribed A$5 million, third-round equity placement by private and institutional investors.

This capital raising strengthens Auxita’s balance sheet and positions the organisation for accelerated growth and to take advantage of new opportunities under evaluation.

Auxita Chairman, Peter Turnbull, said: "This funding highlights Auxita's success in the Canadian and Australian markets and supports the growing demand for Auxita’s innovative platform.”

Auxita will use the funds to expand its sales and marketing programs, invest in research and development, and increase its workforce to deploy Auxita in more physicians' practices.

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