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Cynata Therapeutics Limited ( (AU:CYP) ) has provided an update.
Cynata Therapeutics Limited reported significant progress in its clinical trials as detailed in its quarterly activity report. The completion of a Phase 1 trial for diabetic foot ulcers demonstrated the safety and efficacy of their product CYP-006TK, highlighting its potential in improving wound healing compared to standard care. Recruitment for the Phase 2 trial in acute graft-versus-host disease has accelerated, with results expected by late 2025, while the first patient in a Phase 1 kidney transplantation trial has been treated. Additionally, the company strengthened its financial position with a $1.88 million R&D tax rebate and an $8.10 million institutional placement, supporting a strong cash position projected to last into mid-2026.
More about Cynata Therapeutics Limited
Cynata Therapeutics Limited is a clinical-stage biotechnology company specializing in cell therapeutics. The company focuses on developing innovative therapies using its proprietary Cymerus™ platform, particularly targeting conditions such as diabetic foot ulcers, acute graft-versus-host disease, and kidney transplantation.
YTD Price Performance: -27.37%
Average Trading Volume: 3,300
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $30.27M
For an in-depth examination of CYP stock, go to TipRanks’ Stock Analysis page.
