** Proteomics International Laboratories PIQ.AX slides ~10% to A$0.400, lowest since April 7
** Stock set for biggest intraday pct loss since February 28
** Medical tech co secures commitments to raise A$4.5 mln ($2.9 million) via placement at A$0.37/shr, a ~17% discount to last close
** Invites eligible shareholders to participate in a share purchase plan to raise additional A$1 million
** Says funds will be used to launch its suite of diagnostic tests
** About 137,666 shares traded in stock's busiest session since April 8
** PIQ loses 50% YTD
($1 = A$1.5562)
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.