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Marvel Biosciences plans a private placement to raise up to $3M for clinical trials and operations.

Company Fundamentals
16 Jul 2026
Newsfile Corp
View Source
Bullish
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Marvel Biosciences 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 a warrant to buy another share at $0.20, exercisable after 61 days for one year. The funds will support phase 1 clinical trials for their lead compound MB-204, cover administrative costs, and provide working capital. The offering is subject to regulatory approval and expected to close around August 14, 2026.

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