Nigel Wray-backed Belluscura to raise £15 million for oxygen concentrator rollout

Graeme Evans
·1 min read
<p>The funds will be used for the roll out of its lightweight and portable oxygen concentrators </p> (Belluscura)

The funds will be used for the roll out of its lightweight and portable oxygen concentrators

(Belluscura)

A medical devices business backed by former Saracens rugby club chairman Nigel Wray is set to raise £15 million after revealing plans for a stock market listing.

Belluscura will use the funds for the roll out of its lightweight and portable oxygen concentrators that can replace cumbersome metal cylinders in treating lung diseases.

Its X-PLO2R device, which received approval from US regulators in March, is able to deliver up to 95% pure oxygen to patients 24 hours a day to help improve quality of life.

The London and Texas-based company will also look to progress other patents relating to oxygen enrichment devices and treatments.

Belluscura is expected to be valued at between £50 million and £55 million on AIM following the placing of shares with institutions later this month. Wray holds a 17% stake.

SPARK Advisory Partners is acting as adviser, while Dowgate Capital is sole broker and bookrunner on the placing.

Read More

Love Hemp and Togetherall partner to give CBD fans free mental support

Boom time at Numis means big banker bonuses

Holiday Inn owner IHG sees US and China-fuelled bounce-back in demand

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Q4 2024 AZZ Inc Earnings Call

    Q4 2024 AZZ Inc Earnings Call

  • How Jason Wilcox ‘game model’ aims to find Man Utd’s identity and end era of zombie squads

    From Sir Alex Ferguson to David Moyes then Jose Mourinho via Louis van Gaal and now Erik ten Hag after Ole Gunnar Solskjaer, Manchester United have lurched violently from one style of play, system and manager to another over the last decade, too often without a great deal of thought about what they actually want to be.

  • Here’s Why Peloton Interactive (PTON) Declined in Q1

    Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During the quarter the strategy returned 11.8% net of fees compared to the S&P 500’s 10.6% return. The outperformance of the portfolio can be attributed to selection and […]

  • 76ers plan to file grievance about officiating during first two games of series against Knicks

    The Philadelphia 76ers plan to file a grievance related to the officiating during their series against the New York Knicks, a team spokesman said early Tuesday. The 76ers lost both games in New York, with the Knicks rallying in the final 30 seconds for a 104-101 victory on Monday night. The Knicks got the go-ahead 3-pointer from Donte DiVincenzo with 13 seconds left, a possession that started when they stole the ball from Tyrese Maxey.

  • All 10 crew members killed after two naval helicopters collide mid-air during training in Malaysia

    Aircraft collide during training session ahead of Royal Malaysian Navy celebrations

  • Congress, AAP and others: India's battered opposition takes on Modi

    The unwieldy alliance has had leaders arrested and bank accounts frozen as it tries to unseat the PM.

  • Second half of lake awarded special status

    Only one side of the lake was previously awarded the same status about 10 years ago.

  • Vegas captain Stone scores quick in return and defending Cup champions open with 4-3 win at Dallas

    DALLAS (AP) — Vegas captain Mark Stone scored quickly after missing two months and his first-time linemate Tomas Hertl had a nifty goal in his playoff debut for the Golden Knights. Stone and Hertl scored on the only power plays for the reigning Stanley Cup champion as Vegas opened defense of its title with a 4-3 win over the top-seeded Dallas Stars on Monday night. “Off to a good start on the road,” Stone said. “That's key, and the power play was clutch for us.” Jonathan Marchessault got his fra

  • County to hold events for world nature project

    People are asked to find and take images at the events as part of the City Nature Challenge.

  • Untreated sewage: Some 20m tonnes spilled every year

    NI Water says the spills will continue unless it gets more funding to improve the sewerage network.

  • $95 billion in foreign aid package passes the House and heads to the Senate

    A $95 billion foreign aid package is making its way through Congress. The deal includes $61 billion for Ukraine

  • Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

    Indonesia President Joko Widodo and his son, incoming vice president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday. Their exit will put the spotlight on the next moves for the popular Jokowi, as the outgoing president is known, whose backing for Defence Minister Prabowo was widely interpreted as a move to retain political influence and preserve his legacy after a decade at the helm. Komarudin Watubun, who heads the ethical division of the Democratic Party of Struggle (PDIP), said Jokowi and Gibran were not expelled but ceased to be members when they decided not to endorse PDIP's presidential candidate Ganjar Pranowo.

  • Watch: Alec Baldwin smacks phone of protester who demanded he say ‘Free Palestine’ in coffee shop

    Alec Baldwin has been recorded on camera smacking the phone of a pro-Palestine protester who confronted him in a New York coffee shop.

  • Met police chief defends 'professional' conduct of officer in pro-Palestinian protest row

    Sir Mark Rowley says sergeant involved in incident with Campaign Against Antisemitism’s Gideon Falter will not face disciplinary action

  • Range Media Partners Secures Growth Capital From Liberty Global, TPG Chair David Bonderman and Others

    Liberty Global and the family office run by TPG chairman David Bonderman have made a minority investment in Range Media Partners as the management and production firm brings in new capital to drive growth initiatives and strategic acquisitions. The investment will help the four-year-old Range solidify its operations in the U.S. while allowing it to …

  • Hyman, McDavid lead Oilers to 7-4 playoff win over Kings

    EDMONTON — Zach Hyman had three goals and an assist, and Connor McDavid had five assists as the Edmonton Oilers ended their series-opening jinx with a 7-4 victory on Monday over the Los Angeles Kings in Game 1 of their first-round NHL playoff series. Adam Henrique, Ryan Nugent-Hopkins, Leon Draisaitl and Warren Foegele also scored and Evan Bouchard chipped in with four assists for the Oilers who had lost the first game of their last seven playoff series and had not won Game 1 of a series on home

  • TV tonight: two become three in an explosive new dating show

    Love Triangle takes modern relationships to the next level. Plus, Michael Palin continues his tour of Nigeria. Here’s what to watch today

  • Dulux paint maker AkzoNobel Q1 EBITDA beats expectations

    The maker of Dulux paints has been recovering from a post-COVID slowdown in the last years, marked by rising raw material costs and destocking activity in its decorative do-it-yourself segment in Europe. AkzoNobel posted 2.66 billion euros in revenue for the period, a 1% decrease from 2.66 billion a year ago, but above the 2.59 million euros expected by analysts.

  • China to revise statistics law to fight data fraud

    China will revise its statistics law in a bid to fight persistent data fraud, the state-run Xinhua news agency said on Tuesday, amid scepticism about the reliability of data in the world's second-largest economy. "In recent years, statistical work has been faced with problems such as repeated prohibitions on fraud, imperfect supervision system, and low cost of violations," it added. Analysts have long been sceptical of the reliability of Chinese data, especially as the government has sought to defuse market concerns about a protracted economic slowdown.

  • Protests in Rome over move to allow anti-abortion activists in clinics

    The far-right Brothers of Italy party has introduced legislation that opposition parties say is a heavy blow to women's rights.View on euronews