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Arovella Secures $20M to Propel ALA-101 into Phase 1 Trials

6:15pm on Sunday 1st of June, 2025 AEST Biotechnology
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Arovella Secures $20M to Propel ALA-101 into Phase 1 Trials

6:15pm on Sunday 1st of June, 2025 AEST
Key Points
  • Raised $20 million via placement at $0.17 per share
  • Pro-forma cash position of $30.6 million post-placement
  • Clinical Advisory Board formed with leading oncologists
  • Progressing FDA IND application for ALA-101 Phase 1 trial
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