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| D Medical raises NIS 4m | Published by: Globes www.globes.co.il Gali Weinreb 04/05/2008
| The funds were apparently raised from institutional investors.
D Medical Industries Ltd. (TASE:DMDC) has raised NIS 4 million at NIS 0.98 per share. The money was apparently raised from institutional investors. After the announcement of the investment, the share fell from NIS 1.02 to NIS 0.88, giving a market cap of NIS 109 million.
D Medical is a medical devices holding company with two main subsidiaries. NiliMedix Ltd. Is developing an insulin pump, and Sindolor Ltd. Is developing a next-generation drug delivery system for regular subcutaneous injection using safety needles based on its proprietary Ezject technology.
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