BTG to raise £121.5m

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The Independent Online

Technology company BTG is to raise £121.5 million, the company said.

Technology company BTG is to raise £121.5 million, the company said.

A rights issue issue will help to fund development of a new treatment for varicose veins and it will also invest in developing drugs for use in oncology and neurodegenerative diseases.

The chief executive Ian Harvey said that it was also spending an extra £21 million to recruit staff in the UK and US, invest in IT and set up a US west coast office.

It also plans to form a new company to invest in genomics-based technologies.

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