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Argent BioPharma Cuts US$5.5m Debt with Splash Licensing Deal, Advances Veterinary Assets

8:25am on Tuesday 28th of July, 2026 AEST Biotechnology
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Argent BioPharma Cuts US$5.5m Debt with Splash Licensing Deal, Advances Veterinary Assets

8:25am on Tuesday 28th of July, 2026 AEST
Key Points
  • US$5.5 million secured debt forgiven via Splash Beverage licensing deal
  • Acquisition of 48% interest in CannPal Animal Therapeutics finalised
  • Positive Phase 2C results advance veterinary CPAT-01 towards Phase 3
  • Operating cash outflows of A$600,000 with closing cash at A$141,000
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