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Bullboard - Stock Discussion Forum Lexington Biosciences Holdings Corp LXGTF

Financial Services Asset Management
Lexington Biosciences Holdings Corp., formerly Lexington Biosciences Inc., is a Canada-based medical device company, which core business is to develop and commercialize non-invasive diagnostic product HeartSentry to monitor cardiovascular health by assessing the function of a person’s vascular endothelium - the vital innermost lining of a person’s cardiovascular system. The device measures the... see more

GREY:LXGTF - Post Discussion

Lexington Biosciences Holdings Corp > Lexington Bio Announces Termination of Private Placement
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Post by CatamaranFund on Feb 18, 2019 1:57am

Lexington Bio Announces Termination of Private Placement

Looks like  Placement did not go well at all for Lexington according to recent news report from Seeking Alpha link:

Lexington Biosciences Announces Termination of Private Placement

VANCOUVER, British Columbia, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Lexington Biosciences, Inc. (CSE: LNB) (OTCQB: LXGTF) (the “Company” or “Lexington”) announces that, despite numerous attempts over the past 9 months, it has been unable to secure the necessary funding to advance the development of its HeartSentry technology. As a result, the Company is terminating its previously announced private placement and will be reviewing its strategic options going forward.
 
On Behalf of the Board,
 
“Eric Willis”
 
Eric Willis
CEO & Director
https://seekingalpha.com/pr/17413804-lexington-biosciences-announces-termination-private-placement

As a recent stroke survivor - i am a bit saddened to read this but hope that maybe they can find a Joint venture partner as i believe they have proactive & preventative technology that is needed to help identify and reduce those who are at high risk of heart attacks and strokes.

Anyone else have any comments on this news or on the future of Lexington Biosciences?

Cheers to all investors.
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Lexington Biosciences Holdings Corp