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Cantargia Secures SEK 50 Million Financing to Extend Financial Runway

Story Highlights
  • Cantargia AB secures SEK 50 million loan, extending financial runway into 2026.
  • The financing strengthens Cantargia’s position, enabling continued development of key programs.
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Cantargia Secures SEK 50 Million Financing to Extend Financial Runway

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An update from Cantargia AB ( (SE:CANTA) ) is now available.

Cantargia AB has secured a SEK 50 million loan agreement with Fenja Capital II A/S, extending its financial runway into 2026 and providing the company with strategic flexibility. This non-dilutive financing strengthens Cantargia’s financial position, allowing it to continue the development of its lead programs, CAN10 and nadunolimab, which have shown promising clinical results and address significant unmet needs in their respective therapeutic areas.

More about Cantargia AB

Cantargia AB is a biotechnology company specializing in the development of antibody-based treatments for life-threatening diseases. The company has established a platform based on the protein IL1RAP, targeting various cancer forms and inflammatory diseases. Its oncology program focuses on nadunolimab (CAN04), which is being clinically tested primarily in combination with chemotherapy for pancreatic cancer, non-small cell lung cancer, and triple-negative breast cancer. Additionally, Cantargia is developing CAN10, an antibody targeting autoimmune and inflammatory diseases like hidradenitis suppurativa and systemic sclerosis.

Average Trading Volume: 820,623

Current Market Cap: SEK274M

For a thorough assessment of CANTA stock, go to TipRanks’ Stock Analysis page.

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