Australia: Avita Medical raises US$69.1m in share placement

Regenerative med-tech group Avita Medical has raised US$69.1m in a share placement. It sold 3.2 million shares at US$21.50 per share. Avita said that it expects to use the net proceeds from the offering to fund its product development pipeline, to pursue approvals of its products for additional indications and for general corporate purposes, which…