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LBT Innovations raises A$7.9M through share purchase plan, private placement

LBT Innovations Ltd. raised about A$7.9 million through a share purchase plan and private placement.

As part of the private placement, Planet Innovation, an Australian health technology company, has become a strategic investor in LBT.

Adelaide, Australia-based LBT Innovations researches and develops clinical and diagnostic technologies for the healthcare and laboratory supply markets in Australia, Switzerland and the U.S.