Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, October 06 2021 - 12:51
AsiaNet
Neopharma Technologies announces wholesale investment round with OnMarket
PERTH, Australia, Oct. 6, 2021 /PRNewswire-AisaNet/ --

Targeting full commercilaisation of its patented and world-leading 
drugs-of-abuse testing technology.

OnMarket Live Offer for Professional & Sophisticated Investors: 

https://www.onmarket.com.au/offers/neopharma-w

www.neopharmatechnologies.com/investor 


Neopharma Technologies Ltd is the owner and operator of a globally patented, 
trademarked and award winning Drugs-of-Abuse testing device and Enterprise 
Resource Management platform: TamperLoks DataVault. 

"Today we are excited to announce that with we have partnered with OnMarket: 
Australia's largest investment and capital raising platform," said Shaun 
Melville Global Head of Sales & Marketing for Neopharma Technologies.  

Neopharma Technologies is in the commercialisation stage for its market leading 
technology and has a number of global distribution agreements in place 
including in Australasia, Indonesia, Malaysia and Phillipines. The company has 
also recently been recognised as a Top 100 Healthcare Technology company for 
2021 by New York based company Healthcare Technology Report. 

"We felt the timing was right in launching our Pre-IPO investment round. With 
our award winning technologies at commercisation stage we are well positioned 
to be a be a global leader in the growing US$6bn drugs-of-abuse testing 
market," said Shaun Melville.

The TamperLoks DataVault technology takes the physical needs of mandatory drug 
testing and introduced advanced data collection and management to deliver 
certainty with complete chain-of-custody and the significant increases in 
productivity and accuracy that comes with digitising a previously manual 
process.

There is no current comparable hardware and technology pairing in the market 
globally that can match the TamperLoks DataVault offering. 

Neopharma Technologies is raising up to $850,000 at a pre-money equity 
valuation of $6.7 AUD million and is targeting an ASX IPO in the next 12-18 
months.

"We are pleased to have partnered with Neopharma Technologies as Lead Manager 
to this wholesale offer, and are excited about the prospects for the business 
as it moves toward commercialistion," said Managing Director of OnMarket Nick 
Motteram

About OnMarket 

OnMarket is Australia's largest equity raising platform. OnMarket has raised 
more funds, for more small to medium sized businesses, from more investors, 
than any other platform in Australia.

Combined, the OnMarket team has over 140 years' experience in the Australian 
capital raising market. We know that raising capital can be a difficult 
process, particularly for early stage and/or smaller companies. We work to make 
raising equity efficient, simple and transparent for both companies and 
investors.

About Neopharma Technologies Ltd

Neopharma Technologies Ltd is a public unlisted Australian Company. Its 
strategic vision is to be the global leader in drugs-of-abuse early 
intervention, through reliable testing, management and rehabilitation. It is 
the owner and operator of a globally patented, trademarked and award winning 
Drugs-of-Abuse testing device and Enterprise Resource Management platform: 
TamperLoks DataVault (TLDV). 

For more information visit: www.neopharmatechnologies.com 

Contact

Shaun Melville
Global Sales & Marketing
Neopharma Technologies Ltd 
Level 4, 16 St Georges Tce Perth Western Australia 6000 
(e) shaun@neopharmatechnologies.com

SOURCE:  Neopharma Technologies