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Redx Pharma PLC (AIM:REDX) (AIM: REDX), a clinical-stage biotechnology company focusing on developing novel therapeutics for fibrotic disease and cancer, said it plans to de-list from AIM to re-register as a private limited company.  Chair, Dr Jane Griffiths, said the decision to exit the LSE's junior market had been a unanimous one as she voiced frustration over the company's current valuation - echoing sentiment across the sector. "Despite completing some of the largest AIM capital raises for biotech companies in recent years, Redx is still liquidity-constrained on AIM," Griffiths said. "As a result, we believe our current market valuation is not reflective of our track record or future potential and is not conducive to raising the level of capital required for our growing clinical portfolio. More at #Proactive #ProactiveInvestors #biotechnology #RedXpharma http://ow.ly/HHlP105oaGB

Redx Pharma plans to exit AIM and re-register as a private company

Redx Pharma plans to exit AIM and re-register as a private company

proactiveinvestors.co.uk

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