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Chimeric Therapeutics Director Increases Stake Through Entitlement Offer

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Chimeric Therapeutics Ltd. ( (AU:CHM) ) has issued an update.

Chimeric Therapeutics Limited announced a change in the director’s interest, with Phillip Hains acquiring an additional 2,608,696 ordinary shares and the same number of options through participation in an entitlement offer. This change reflects the company’s ongoing efforts to strengthen its financial position and enhance shareholder value, potentially impacting its market presence and stakeholder interests.

More about Chimeric Therapeutics Ltd.

Chimeric Therapeutics Limited operates in the biotechnology industry, focusing on the development of innovative cell therapies for cancer treatment. The company is dedicated to advancing its pipeline of chimeric antigen receptor T cell (CAR-T) therapies, aiming to address unmet medical needs in oncology.

Technical Sentiment Signal: Buy

Current Market Cap: A$9.09M

For an in-depth examination of CHM stock, go to TipRanks’ Stock Analysis page.

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