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PYC Therapeutics Secures $146M to Advance RNA Drug Pipeline
7:28am on Monday 2nd of June, 2025 AEST
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Biotechnology
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PYC Therapeutics Secures $146M to Advance RNA Drug Pipeline
7:28am on Monday 2nd of June, 2025 AEST
Key Points
Up to $146 million to be raised via 1-for-4 accelerated entitlement offer
New shares priced at A$1.25, a 2.7% discount to last traded price
Funds to fully finance four pipeline programs through FY27
Chairman Alan Tribe’s entity commits $35 million to the offer
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