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Percheron Halts Avicursen Trial, Raises $14.85M to Pivot Pipeline Strategy

8:41am on Friday 31st of January, 2025 AEDT Biotechnology
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Percheron Halts Avicursen Trial, Raises $14.85M to Pivot Pipeline Strategy

8:41am on Friday 31st of January, 2025 AEDT
Key Points
  • Phase IIb avicursen trial in Duchenne muscular dystrophy terminated due to lack of efficacy
  • Company raised $13 million via institutional placement and $1.85 million through Share Purchase Plan
  • Strategic review underway to identify new pipeline opportunities with shareholder value focus
  • US OTCQB uplisting completed, ticker changed to PERCF
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