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Percheron Therapeutics launches $2.2M entitlement offer to fund cancer drug HMBD-002 development

Company Fundamentals
24 Mar 2026
Proactive Investors - Finance
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Neutral
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Percheron Therapeutics has opened a non-renounceable entitlement offer to raise up to $2.2 million at $0.005 per share, aimed at supporting the development of its lead oncology drug candidate HMBD-002. The offer includes free attaching options exercisable at $0.01, with funds primarily to advance a planned multi-arm international phase II clinical trial targeting several cancer types. Eligible shareholders have until April 8, 2026, to participate, with new shares expected to be allotted by April 15. This capital raise is crucial for progressing HMBD-002, which has completed a phase I trial showing safety and tolerability in advanced cancer patients.

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