Ondine Biomedical Inc has raised £10 million through a share placing and subscription to fund its international commercial expansion and support its planned US regulatory submission in mid-2027. The company issued 100 million new shares at 10p each, extending its cash runway into early 2028. CEO Carolyn Cross personally invested over £1 million and now holds 25.49% of the enlarged share capital. The funds will accelerate growth, expand sales and business development, and advance regulatory and manufacturing work for the planned New Drug Application submission. Ondine's Steriwave nasal photodisinfection technology is currently commercialized in the UK and Canada but remains investigational in the US without FDA approval.
Ondine Biomedical's recent £10 million fundraising for international expansion provides context for readers. For those following the health sector, here is Pluang's market snapshot as of Oct 20, 2026 13:11 WIB: out of 150 priced US health stocks, 81 rose and 64 fell. Notable movers include FLNA at USD 0.68 with a 3.31% decline and 100% buy order activity, IMVT at USD 27.60 up 3.25%, and WGS at USD 65.67 up 3.24% but with 100% sell order activity.
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