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PYC Therapeutics Secures A$145.8M to Advance Four Rare Disease Drug Trials

7:27am on Monday 2nd of June, 2025 AEST Biotechnology
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PYC Therapeutics Secures A$145.8M to Advance Four Rare Disease Drug Trials

7:27am on Monday 2nd of June, 2025 AEST
Key Points
  • A$145.8 million entitlement offer at $1.25 per share to institutional and retail shareholders
  • Chairman Alan Tribe commits $35 million to the raise
  • Funds to progress clinical trials for Retinitis Pigmentosa, Autosomal Dominant Optic Atrophy, Polycystic Kidney Disease, and Phelan-McDermid Syndrome
  • Capital raise extends cash runway to over A$200 million, funding pipeline through FY27
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