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AdAlta Ltd. ( (AU:1AD) ) has provided an announcement.
AdAlta Limited has made significant progress in its ‘East to West’ cellular immunotherapy strategy by prioritizing two CAR-T products for licensing, supported by a successful Entitlement Offer raising $1.3 million. The company is advancing its strategic initiatives despite external challenges, with plans to finalize agreements for these products by the September quarter. Additionally, AdAlta is exploring out-licensing and financing opportunities for its anti-fibrotic drug candidate, AD-214, and has implemented cash management measures to support its operations.
More about AdAlta Ltd.
AdAlta Limited is a biotechnology company focused on developing next-generation cell and protein therapeutic products. The company is particularly engaged in the cellular immunotherapy sector, which is rapidly growing and transforming outcomes in cancer treatment. AdAlta aims to leverage its expertise to facilitate the entry of Asian-developed therapies into Western-regulated markets, enhancing the value of these assets for both itself and its partners.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.23M
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