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Rein Therapeutics raises $57.5M in stock offering to fund Phase 2 trial for lung fibrosis drug.

Company Fundamentals
18 May 2026
Na
View Source
Bullish
pluang ai news

Rein Therapeutics completed a $57.5 million underwritten public offering by selling 57.5 million shares at $1.00 each, including the full exercise of an over-allotment option. The proceeds will fund the Phase 2 clinical trial of their drug LTI-03 for idiopathic pulmonary fibrosis (IPF) through completion and support operations into 2028. The company expects this funding, combined with existing cash, to sustain operations until early 2028. This financing strengthens Rein's position to advance its clinical and regulatory activities for orphan pulmonary and fibrosis treatments.

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