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Abzena raises £25m for growth
Abzena (ABZA:AIM) has raised £25m to fund several growth initiatives, which include upgrading its US biomanufacturing facilities so it can supply more products.
Approximately £11m will be spent on its San Diego facility while £6m will be earmarked to enhance its biology and chemistry offering in the UK and US. The remaining £8m will be used for working capital.