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Noxopharm funds its next lupus trial with placement and note conversion

10:53am on Monday 2nd of November, 2026 AEDT • Biotechnology
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Noxopharm funds its next lupus trial with placement and note conversion

10:53am on Monday 2nd of November, 2026 AEDT
Key Points
  • $1.5 million placement at $0.042 a share, plus a non-underwritten $1 million SPP
  • $3.78 million of shareholder convertible notes to convert into approximately 90 million shares
  • SOF-SKN extension study targeting around 15 cutaneous lupus patients from Q1 2027
  • September-quarter cash fell to A$31,000 after A$663,000 of operating outflows
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