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Chimeric Therapeutics Raises $8.4M to Fully Fund Lead CAR-T Trial

10:02am on Tuesday 23rd of December, 2025 AEDT Healthcare
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Chimeric Therapeutics Raises $8.4M to Fully Fund Lead CAR-T Trial

10:02am on Tuesday 23rd of December, 2025 AEDT
Key Points
  • $8.4 million raised via $4.4M placement and $4M convertible note
  • Funding fully covers CHM CDH17 CAR-T trial through Phase 1, including increased dose cohort
  • Strategic reset underway – cost reductions, share consolidation proposal, and Board renewal
  • Chief Medical Officer resigns; clinical oversight to be streamlined
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