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Premaitha gets AIM listing with ViaLogy reverse takeover

 
• By Madeleine Armstrong

UK noninvasive prenatal testing specialist Premaitha Health has bagged a listing on the AIM stock market with its reverse takeover of ViaLogy, and raised £7.2m ($12.3m) in funding. “It’s a way of getting onto AIM without going from scratch,” explained Premaitha CEO Stephen Little. “[ViaLogy] had a listing, they had some cash, but they weren’t exactly trading; so it was effectively a clean cash shell.”

UK noninvasive prenatal testing specialist Premaitha Health has bagged a listing on the AIM stock market with its reverse takeover of ViaLogy, and raised £7.2m ($12.3m) in funding. “It’s a way of getting onto AIM without going from scratch,” explained Premaitha CEO Stephen Little. “[ViaLogy] had a listing, they had some cash, but they weren’t exactly trading; so it was effectively a clean cash shell.”

The CEO told Clinica he was “very pleased” with how the fundraising went, noting the firm had expected to bring in £6.5m, but the placing was oversubscribed

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