Inhibikase Therapeutics ( (IKT) ) has shared 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.
Inhibikase Therapeutics, Inc. has secured approximately $110 million through a private placement, boosting its potential financing to $275 million upon full exercise of warrants. This funding supports the Phase 2b trial of IkT-001Pro, aimed at treating Pulmonary Arterial Hypertension, signifying a pivotal step in the company’s mission to develop disease-modifying therapies. The closing also coincides with strategic board appointments, enhancing the company’s leadership as it advances its innovative medicinal chemistry program.
For detailed information about IKT stock, go to TipRanks’ Stock Analysis page.