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PYC Therapeutics Secures $537M Placement, Eyes $600M Total Raise to Fuel RNA Drug Pipeline
9:48am on Wednesday 4th of February, 2026 AEDT
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Biotechnology
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PYC Therapeutics Secures $537M Placement, Eyes $600M Total Raise to Fuel RNA Drug Pipeline
9:48am on Wednesday 4th of February, 2026 AEDT
Key Points
Completed $537 million institutional placement and entitlement offer at $1.50 per share
Minimum $600 million capital raise secured following underwriting agreement conditions
Cash runway extended through to calendar year 2030
Funds to support four precision medicine drug development programs
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PYC THERAPEUTICS (ASX:PYC)
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