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How Will PYC’s $653M Raise Accelerate Genetic Disease Drug Trials?
9:48am on Monday 2nd of February, 2026 AEDT
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Biotechnology
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How Will PYC’s $653M Raise Accelerate Genetic Disease Drug Trials?
9:48am on Monday 2nd of February, 2026 AEDT
Key Points
Equity raise totalling approximately $653 million
Placement of $128 million to US specialist life sciences investors
Accelerated non-renounceable entitlement offer of $525 million to existing shareholders
Funds to support clinical progression of four drug candidates through to 2030
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