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ProQR raises $50M after positive Phase 1 data, despite price target cut to $3.00

Market News
26 Jun 2026
Rayan Ahmad
View Source
Bullish
pluang ai news

ProQR Therapeutics secured $50 million through a direct offering to fund development after positive Phase 1 data for its drug AX-0810, which validated its RNA editing platform. Despite Chardan Capital lowering the price target to $3.00, this still implies a 91.7% upside from the current $1.57 stock price. Eli Lilly maintained its stake by purchasing shares in the offering, signaling confidence in ProQR's technology and future. The funding and clinical progress position ProQR for continued growth potential.

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