Ascletis Pharma Revises Proceeds Allocation Strategy

Ascletis Pharma, Inc. (HK:1672) has released an update.

Ascletis Pharma Inc. has announced a revision in the allocation of their unutilized net proceeds from the Global Offering, which amounts to approximately HK$1,008.7 million as of June 30, 2024. The adjustment reflects changes in the company’s research and development focus and market conditions. The re-allocation is part of the company’s strategy to optimize the use of its financial resources over the next three years.

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