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ProMIS Neurosciences closes $175M financing to fund Alzheimer's drug trial through 2027, with key data expected in 2026-2027

Company Fundamentals
12 May 2026
GlobeNewsWire
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Bullish
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ProMIS Neurosciences secured up to $175 million in PIPE financing to support its ongoing Phase 1b clinical trial of PMN310, a potential Alzheimer's treatment targeting toxic amyloid-beta oligomers. The PRECISE-AD trial is fully enrolled with 144 participants, with a blinded 6-month interim safety and biomarker analysis expected in early Q3 2026 and full 12-month top-line results anticipated in early 2027. This financing ensures funding through 2027, enabling completion of the trial and further development, including a subcutaneous formulation to improve patient convenience. The company aims to offer a safer alternative to current Alzheimer's therapies by avoiding plaque binding and reducing risks like ARIA, a serious side effect associated with existing treatments.

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