– $NMRD – Nemaura Continuing With the Public Offering

Detroit, Dec 18th,2018(PENNYSTOCKS.NEWS) Nemaura Medical Inc. (NASDAQ: $NMRD). Nemaura is a medical technology company in the United Kingdom, that is developing the sugarBEAT®. This is an affordable,non-invasive, and flexible Continuous Glucose Monitor (CGM) which is mostly used by people with diabetes. SugarBEAT®consists of a daily disposable adhesive skin-patch that is connected to are chargeable transmitter, with an app displaying glucose readings at five-minute intervals for periods of 24 hours max. This manages the patient’s glucose levels by spending more time in range. Insulin users can adjunctively use sugarBEAT® when calibrated with a finger-stick glucose reading.

The Public Offering

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The company announced yesterday, a proposed registered public offering of its common stock and warrants. This offering will be subject to the market and additional conditions. Although the company cannot give any assurance as to whether or when the offering may be completed, even including the actual size or terms of the offering. The company Dawson JamesSecurities, Inc. will be acting as a sole placement agent in regard to this offering.

If the offering goes through, then Nemauraplans to use the net proceeds for a U.S FDA clinical trial. The product launch in Europe and the development of the second generation sugarBEAT. The proceeds will also go to the corporation in general and the working capital purposes.

Additional Information on the Offering

This offering is beingmade pursuant to an effective “shelf” registration statement on FormS-3 (File No. 333-210293) that was previously filed with the Securities andExchange Commission (“SEC”) and declared effective by the SEC onMarch 31, 2016. The offering will be made only by means of a prospectussupplement and accompanying prospectus. The preliminary prospectus supplementand accompanying prospectus related to the offering has been filed with the SEC and is available on the SEC’s website. Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained by contacting Dawson James Securities, Inc. Last week Nemaura released another press release which it mentioned

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