April 5 (Reuters) - Botanix Pharmaceuticals Ltd BOT.AX :
* Asx alert-Botanix raises A$7.4 million in oversubscribed placement-bot.ax
* Botanix will be well funded for development phase holding approximately A$9.0 million cash
* Funds raised will be used to accelerate clinical development of synthetic cannabidiol products and pursue commercialisation of Permetrextm delivery technology Source text for Eikon: ID:nASX3F91zF Further company coverage: BOT.AX