tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Circio Holding ASA Announces NOK 50 Million Rights Issue to Fund R&D Milestones

Story Highlights
  • Circio Holding ASA plans a NOK 50 million rights issue to support its RNA technology.
  • The rights issue will fund Circio’s operations for a year, advancing key R&D milestones.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Circio Holding ASA Announces NOK 50 Million Rights Issue to Fund R&D Milestones

TipRanks Cyber Monday Sale

An update from Targovax ASA ( (GB:0RIS) ) is now available.

Circio Holding ASA has announced a proposed rights issue to raise up to NOK 50 million, with strong support from existing shareholders, including presubscription commitments totaling NOK 24.2 million. This capital injection will provide the company with a twelve-month cash runway to achieve significant pre-clinical development milestones and advance its gene and cell therapy programs, enhancing its industry positioning and stakeholder value.

More about Targovax ASA

Circio Holding ASA is a biotechnology company based in Oslo, Norway, specializing in developing novel circular RNA expression technology for gene and cell therapy. The company focuses on advancing its circVec circular RNA expression platform and has recently engaged in a feasibility study with a major global pharmaceutical company.

YTD Price Performance: 77.75%

Average Trading Volume: 4,530,369

Current Market Cap: NOK181.3M

Find detailed analytics on 0RIS stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1