Wrinkles

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TodaySportFootballEntertainmentShowbizHealth and BeautyBusinessJobsAdvertise Your JobCV-StationHomesFood & DrinkTravelMotorsCompetitionsClassifiedsGamesPersonal FinanceFamily NoticesPublic TransportHotelsDatingMancuniansBuild A SiteTourist GuideLocal PressWeatherOnline ShopAdvertising home business Email to a friend Your comments Wednesday, 1st February 2006 Raising the cash for hair raising Sarah WaltersA COMPANY which is developing treatments for baldness and wrinkles was making its debut on the stock market today.Intercytex Group, which is based in Manchester, has raised £15m to fund research, of which £10.8m has come from new investors and the rest from existing shareholders.

The shares were priced at 108p, valuing the business at £60m.The company, which employs more than 50 people at its hub in the south of the city, hopes to use the capital to take its pioneering hair-cloning treatment, dubbed ICX-TRC, to the next stage of its clinical trials.

Richard Moulson, Intercytex's chief financial officer, said: "We have invested in and developed some ground-breaking products in cell therapy."The group's admission to AIM will enable us to r...

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