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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
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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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