ProMIS Neurosciences (PMN) Announces Up to $122.7 Million Private Placement Financing

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ProMIS Neurosciences Announces Up to $122.7 Million Private Placement Financing

July 26, 2024 8:30 AM EDT

$30.3 million financing upfront with up to an additional $92.4 million tied to exercise of warrants, with certain of the warrants subject to shareholder approval

Fundraise supports development of novel antibody PMN310 for Alzheimers Disease patients

Proceeds expected to support Company beyond 6 month and 12 month data from the PMN310 Phase Ib study in Alzheimers patients

TORONTO, Ontario and CAMBRIDGE, Massachusetts, July 26, 2024 (GLOBE NEWSWIRE) -- ProMIS Neurosciences Inc. (Nasdaq: PMN) (ProMIS or the Company), a biotechnology company focused on the generation and development of antibody therapeutics... More