Synairgen is a developer of respiratory drugs. The main project uses inhaled interferon beta for the treatment of viral infection in asthma and chronic obstructive pulmonary disease (COPD). Synairgen floated in October 2004, when it raised £10m - £9m net of expenses - at 130p a share. That valued the company at £28.2m. Synairgen raised £6.35m at 17p a share in June 2009. (www.synairgen.com)
Sector: Health
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