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Island Pharmaceuticals Secures $9M to Propel Galidesivir Toward FDA Approval

9:42am on Wednesday 4th of February, 2026 AEDT Pharmaceuticals
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Island Pharmaceuticals Secures $9M to Propel Galidesivir Toward FDA Approval

9:42am on Wednesday 4th of February, 2026 AEDT
Key Points
  • Raised $9 million via placement of 25.7 million shares at $0.35 each
  • Funding to complete Galidesivir’s FDA Animal Rule development and NDA submission
  • Placement led by US-based family office with local and international investors
  • Capital supports manufacturing and regulatory work for Ebola and Sudan virus programs
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