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Cytonics raises $4.8M from 900 new investors to advance osteoarthritis drug CYT-108 development

Company Fundamentals
09 Sep 2026
PRNewsWire
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Bullish
Cytonics raises $4.8M from 900 new investors to advance osteoarthritis drug CYT-108 development

Cytonics Corporation, a clinical-stage biotech company, completed a financing round raising $4.8 million from about 1,500 investments, including 900 new investors. This brings their total capital raised to $47 million and expands their investor base to around 8,000. The funds will support further development of CYT-108, an engineered biologic targeting cartilage degradation in osteoarthritis. The company plans to advance regulatory and clinical steps toward a Phase 1b/2a study, with potential future financing campaigns planned after key milestones.

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