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Paradigm Biopharma Advances Phase 3 Trial with FDA Nod and $16M Raise

6:46pm on Sunday 1st of June, 2025 AEST Biotechnology
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Paradigm Biopharma Advances Phase 3 Trial with FDA Nod and $16M Raise

6:46pm on Sunday 1st of June, 2025 AEST
Key Points
  • FDA clears Paradigm's revised phase 3 trial protocol with no queries
  • Successful $16 million capital raise at a 2.9% premium to fund trial activities
  • Received $6.3 million R&D tax incentive rebate bolstering cash reserves
  • Australian centralised ethics submission underway, approval expected Q1 2025
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