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Scancell raises £15.7m in UK retail share offer amid merger and phase III trial funding plans

Company Fundamentals
27 Jul 2026
Proactive Investors
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Bullish
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Scancell Holdings raised £15.7 million from UK investors through a retail share offer, exceeding its initial target due to strong demand. The funds support its merger with US biotech Neuphoria Therapeutics, creating a dual-listed group mostly owned by Scancell shareholders. The company plans to use the proceeds, alongside other equity and debt financing, to fund a global phase III trial of its lead cancer immunotherapy treatment for advanced melanoma. The trial's primary results are expected by late 2028, with further survival data anticipated within 12 months.

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