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Marvel Biosciences launches up to $3M private placement to fund clinical trials and operations

Company Fundamentals
17 Sep 2026
Newsfile Corp
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Neutral
Marvel Biosciences launches up to $3M private placement to fund clinical trials and operations

Marvel Biosciences Corp. announced a non-brokered private placement offering of 10 to 20 million units at $0.15 each, aiming to raise $1.5 to $3 million. Each unit includes one common share and one warrant to buy an additional share at $0.20, exercisable after 61 days for one year, with potential accelerated expiry. The funds will support phase 1 clinical trials for their lead compound MB-204, administrative costs, and working capital. The offering is subject to regulatory approvals and expected to close starting September 30, 2026.

Marvel Biosciences update is the subject, with Pluang data offering market context. For readers following health-sector stocks, 60 of 91 US stocks rose and 30 fell today. Notable movers include Illumina at USD 244.29 with a 6.71% increase and 100% buy order activity, Enveric Biosciences at USD 1.59 up 6.71%, and Sana Biotechnology at USD 3.10 up 6.34%. Data is as of Sep 18, 2026 03:42 WIB.

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