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NervGen prices $60M public offering to fund spinal cord injury drug development

Company Fundamentals
21 May 2026
GlobeNewsWire
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Neutral
pluang ai news

NervGen Pharma Corp. announced a public offering of 24 million common shares and warrants priced at $2.50 each, aiming to raise approximately $60 million before expenses. The funds will support clinical development of its lead neuroreparative drug NVG-291 for spinal cord injury and other neurological conditions. The offering is set to close on May 26, 2026, and is managed by Leerink Partners and TD Cowen. This capital raise is crucial for NervGen to advance its clinical trials and general corporate purposes.

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