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Hemogenyx Pharmaceuticals Secures Funding for Phase 1 Clinical Trials

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HemoGenyx Pharmaceuticals Plc ( (GB:HEMO) ) just unveiled an update.

Hemogenyx Pharmaceuticals has secured £451,250 to continue its Phase 1 clinical trials for its Chimeric Antigen Receptor T-cell therapy, HG-CT-1, aimed at treating relapsed/refractory acute myeloid leukemia in adults. The funding, raised through an allotment of new ordinary shares to CEO Vladislav Sandler, reflects investor confidence in the company’s long-term value and supports the momentum of its clinical development without diluting shareholder value.

More about HemoGenyx Pharmaceuticals Plc

Hemogenyx Pharmaceuticals plc is a clinical stage biopharmaceutical company based in London, with US subsidiaries in New York City. The company focuses on developing new medicines and treatments for blood and autoimmune diseases, utilizing distinct product candidates and platform technologies for novel product development.

Average Trading Volume: 38,023

Technical Sentiment Signal: Sell

Current Market Cap: £7.52M

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

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