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Cue Biopharma raises $50M in private placement to fund clinical development and corporate purposes.

Company Fundamentals
10 Jul 2026, 04:40 WIB
GlobeNewsWire
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Bullish
Cue Biopharma raises $50M in private placement to fund clinical development and corporate purposes.

Cue Biopharma, a clinical-stage biopharmaceutical company, announced a $50 million private placement by selling 1.4 million shares and pre-funded warrants to accredited investors at about $33.21 per share. The funding, led by Cormorant Asset Management and including Columbia Threadneedle Investments, will support Cue's clinical development and general corporate needs. The company is advancing therapies targeting functional cures for immunological disorders, with upcoming clinical data expected by Q3 2026. The private placement is expected to close around July 13, 2026, subject to customary conditions.

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