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Island Pharmaceuticals Raises $3.6m to Advance ISLA-101 and Expand Pipeline

2:02am on Monday 2nd of June, 2025 AEST Healthcare
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Island Pharmaceuticals Raises $3.6m to Advance ISLA-101 and Expand Pipeline

2:02am on Monday 2nd of June, 2025 AEST
Key Points
  • Raised $3.6 million via placement of 24 million shares at $0.15 each
  • Funds to support larger Phase 2 trial for ISLA-101 in dengue fever
  • Directors committed to participate, pending shareholder approval
  • Capital also earmarked for asset expansion and new molecule trials
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