Alex Snow, the chief executive of Arcturis, has completed the restructuring of the once-stricken company after landing £12.5m from a syndicate of blue-chip investors, Sky News learns.
The new boss of the company previously known as Sensyne Health has secured a funding package to see it through to 2025 as it refocuses on the use of patient data to aid the development of new drugs.
The equity-raise has been backed by Hambro Perks and Lansdowne Partners, which became shareholders in Sensyne prior to its delisting from the London Stock Exchange in April. Mr Snow, who previously ran Lansdowne as well as the City stockbroker Evolution, has overseen the departure of the majority of the company's remaining workforce, which now numbers around 40 people.
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