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Celadon Pharmaceuticals Secures Funding and Plans Delisting

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Celadon Pharmaceuticals Secures Funding and Plans Delisting

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Celadon Pharmaceuticals PLC ( (GB:CEL) ) has issued an update.

Celadon Pharmaceuticals Plc has announced the receipt of £1.0 million in new funds under Secured Facilities, as confirmed by the Board. Following this funding, the company plans to proceed with a delisting, with further announcements expected in the future. This development could impact Celadon’s operations and market positioning, as it continues to focus on its core mission of advancing cannabis-based medicines.

More about Celadon Pharmaceuticals PLC

Celadon Pharmaceuticals Plc is a UK-based pharmaceutical company specializing in the development, production, and sale of innovative cannabis-based medicines. The company primarily focuses on improving the quality of life for chronic pain sufferers and exploring cannabis-based treatments for conditions such as autism. Celadon operates a 100,000 sq. ft EU-GMP approved facility in the UK, which includes indoor hydroponic cultivation, GMP extraction, and an R&D laboratory. The company holds a Home Office license for the commercial supply of pharmaceutical-grade cannabis and is involved in clinical trials for treating chronic pain. Additionally, Celadon has a minority stake in Kingdom Therapeutics, which is developing cannabinoid medicine for Autism Spectrum Disorder.

Average Trading Volume: 165,388

Technical Sentiment Signal: Sell

Current Market Cap: £7.92M

Find detailed analytics on CEL stock on TipRanks’ Stock Analysis page.

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