Great ‘Feedback’ as company nears £11.2m haul
AIM-quoted Cambridge business Feedback plc – a specialist clinical communication company – has raised £10.7 million from an unsubscribed share placing.
Almost immediately the company offered qualifying shareholders the opportunity to invest on similar terms which should raise a further £0.5m at the issue price.
The net proceeds will enable Feedback to further develop its CareLocker solution – powered by its Bleepa” product – to meet existing and growing demand in both UK and international markets.
Bleepa will also be able to grow its functionality and include features for non-healthcare customers such as veterinary professionals.
The company plans to scale its UK team to accelerate revenue growth on these shores and to manage overseas operations, which requires increased resources for the marketing, sales, finance and regulatory teams.
Feedback further plans to undertake a tuberculosis screening pilot study in India and explore wider market opportunities and potential applications of the technology in that territory.
The core business, Feedback Medical, is focused on driving better outcomes for clinicians and patients. The company produces innovative technology that enhances clinical communication, accessing and storing medical information.
Its vision is realised in Bleepa, its flagship product that is changing the way that clinicians discuss patient cases, access information such as medical images and even where they can work from.
Feedback has around 20 years’ experience in the medical imaging sector; products originate from developments by professionals working in real-life medical environments and have been advanced in close cooperation with clinicians, researchers, radiologists and healthcare IT specialists to ensure user confidence and relevance in today’s medical world.