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Cambium Bio Secures $2.12M to Power Phase 3 Trials of Elate Ocular

12:11pm on Thursday 31st of July, 2025 AEST Healthcare
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Cambium Bio Secures $2.12M to Power Phase 3 Trials of Elate Ocular

12:11pm on Thursday 31st of July, 2025 AEST
Key Points
  • Ethics approvals obtained in Australia and US for Phase 3 trials
  • First patient dosing on track for Q4 2025, top-line data expected Q4 2026
  • Net operating cash outflow of A$1.1 million focused on R&D
  • Closing cash balance low at A$0.166 million, bolstered by recent $2.12M placement
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