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Paradigm Reverses US$2 Million Drawdown as Trial Review Continues

3:25pm on Thursday 24th of September, 2026 AEST • Biotechnology and Pharmaceuticals
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Paradigm Reverses US$2 Million Drawdown as Trial Review Continues

3:25pm on Thursday 24th of September, 2026 AEST
Key Points
  • US$2 million Tranche 4 drawdown to be returned to Obsidian
  • 2 million convertible notes cancelled with no premium or fee
  • Interim PARA_OA_012 Phase 3 analysis remains under review
  • Available cash and funds owed to Obsidian will both decrease
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