Deepmatter Group (LON: DMTR) needs more cash. The digital chemistry data company does have cash in the bank, but it requires more to progress the business. Any fundraising could be at a significant discount to the current share price.
Deepmatter has developed platforms that make it easier to discover and replicate chemical reactions. It is estimated that 50% of science is not reproducible. In 2018, global R&D was worth $179bn and if part of this research cannot be reproduced than much of this money is wasted.
Digital technology can help companies get better value from their R&D ...
