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Rapid Dose Therapeutics Secures Initial Funding

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Rapid Dose Therapeutics Secures Initial Funding

Rapid Dose Therapeutics Corp (TSE:DOSE) has released an update.

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Rapid Dose Therapeutics Corp. has successfully closed the initial portion of its equity private placement, raising $309,000 for various corporate needs such as R&D, capital expansion, and debt repayment. The company, known for its innovative QuickStrip™ drug delivery technology, is aiming for a maximum raise of $6 million, with this tranche involving the issue of over 1.8 million shares at $0.17 each.

For further insights into TSE:DOSE stock, check out TipRanks’ Stock Analysis page.

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