Hemostemix Inc (TSE:HEM) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Hemostemix Inc., a pioneer in autologous stem cell therapy, has engaged Oak Hill Asset Management to advise on capital market strategies, aiming to raise C$6 million to restart production of ACP-01 and fund a phase III clinical trial. The funds will enable leasing of production facilities in Puerto Rico and generate revenue by 2025 from compassionate treatments, leveraged by favorable tax incentives under Puerto Rico’s Act 60. The company highlights the safety and effectiveness of ACP in treating various heart diseases and peripheral arterial disease, with significant potential for no-option patient treatments.
For further insights into TSE:HEM stock, check out TipRanks’ Stock Analysis page.