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CStone Pharmaceuticals ( (HK:2616) ) has provided an announcement.
CStone Pharmaceuticals announced the successful completion of a placing of 100 million new shares, raising approximately HK$467.28 million. The funds will be primarily used for research and development of its ‘Pipeline 2.0’ assets, including clinical trials for CS2009 and CS5001, as well as preclinical assets like CS2015. This move strengthens CStone’s financial position to advance its innovative cancer treatment pipeline, potentially enhancing its market competitiveness and benefiting stakeholders.
More about CStone Pharmaceuticals
CStone Pharmaceuticals is a biopharmaceutical company incorporated in the Cayman Islands. The company focuses on the development and commercialization of innovative immuno-oncology therapies and precision medicines, primarily targeting cancer treatment. It is actively involved in research and development, particularly in advancing its ‘Pipeline 2.0’ assets.
Average Trading Volume: 13,627,223
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.98B
Find detailed analytics on 2616 stock on TipRanks’ Stock Analysis page.