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SynAct Pharma AB ( (SE:SYNACT) ) has shared an announcement.
SynAct Pharma AB announced the conversion of 1,000,000 warrants by Heights Capital Management, generating SEK 17.7 million. This financial boost strengthens SynAct’s financial position, extending its operational runway into 2027 and enhancing its ability to pursue development opportunities and engage with potential partners.
More about SynAct Pharma AB
SynAct Pharma AB is a clinical-stage biotechnology company listed on Nasdaq Stockholm. The company specializes in resolving inflammation through the selective activation of the melanocortin system. It offers a range of oral and injectable selective melanocortin agonists designed to induce anti-inflammatory and inflammation resolution activity, aiding patients in achieving immune balance.
Average Trading Volume: 222,948
Current Market Cap: SEK1.09B
For a thorough assessment of SYNACT stock, go to TipRanks’ Stock Analysis page.