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Retension Pharmaceuticals prices IPO at $12/share, raising $45M to fund hypertension drug trials.

Company Fundamentals
09 Oct 2026, 04:35 WIB
GlobeNewsWire
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Bullish
Retension Pharmaceuticals prices IPO at $12/share, raising $45M to fund hypertension drug trials.

Retension Pharmaceuticals has priced its upsized initial public offering at $12 per share, aiming to raise $45 million before expenses. The company plans to use the proceeds to complete Phase 2b and advance Phase 3 clinical trials of its hypertension drug RTN-001. Trading is expected to begin on October 9, 2026, on Nasdaq under the ticker RTSN. This IPO supports Retension's focus on developing treatments for hypertension and cardiovascular diseases.

Retension Pharmaceuticals' IPO pricing is the subject, with Pluang's health sector data providing context. As of Oct 09, 2026 05:21 WIB, 51 of 128 health-sector US stocks rose while 77 fell on Pluang. Notable prices include RVMD at USD 187.99 with a 1-day change of -6.41%, IMVT at USD 30.01 down 6.34%, and ABCL at USD 12.09 down 5.77%.

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