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Pharmaust Limited ( (AU:NUZ) ) has provided an update.
Neurizon Therapeutics Limited has secured a $1.5 million loan from Radium Capital, leveraging a portion of its anticipated 2025 R&D Tax Rebate. This non-dilutive funding enhances Neurizon’s liquidity, allowing the company to maintain its operational momentum and advance its pipeline without diluting shareholder equity. The loan, which represents less than 30% of the expected rebate, is part of a strategic approach to capital efficiency, aligning with Neurizon’s goals of minimizing shareholder dilution while continuing to develop innovative treatments for neurodegenerative diseases.
The most recent analyst rating on (AU:NUZ) stock is a Buy with a A$0.42 price target. To see the full list of analyst forecasts on Pharmaust Limited stock, see the AU:NUZ Stock Forecast page.
More about Pharmaust Limited
Neurizon Therapeutics Limited is a clinical-stage biotechnology company focused on developing treatments for neurodegenerative diseases. The company is working on its lead drug candidate, NUZ-001, aimed at treating ALS, the most common form of motor neuron disease. Neurizon’s strategy includes accelerating access to effective ALS treatments and exploring broader applications for NUZ-001 through international collaborations and rigorous clinical programs.
Average Trading Volume: 360,456
Technical Sentiment Signal: Buy
Current Market Cap: A$83.69M
See more insights into NUZ stock on TipRanks’ Stock Analysis page.