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Zomedica Pharmaceuticals completes $4.3M common share placement

Ann Arbor, Mich.-based Zomedica Pharmaceuticals Corp. completed a private placement of 2,815,789 common shares priced at $1.52 each.

The veterinary diagnostic and pharmaceutical company raised aggregate gross proceeds of $4.3 million from the placement of shares to accredited investors.

Zomedica plans to use the proceeds from the offering to fund its obligations under a development and supply deal with Qorvo Biotechnologies.