Helus Pharma reports $148M net loss, closes $50M offering

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Helus Pharma Reports Recent Business Highlights and Fiscal Year 2026 Financial Results

June 29, 2026 7:40 AM EDT

- Recently closed $50 million underwritten offering reinforces strong institutional investor conviction and bolsters balance sheet for execution of second Phase 3 HLP003 trial1,2,3, EMBRACE, for potential U.S. FDA New Drug Application in 20281,2,3 -

- Phase 3 APPROACH pivotal study of HLP003 in Major Depressive Disorder (MDD) has surpassed 88% enrollment and is on track for topline data readout in Q4 20262,3 -

- HLP003 Phase 2 data demonstrated durability at 12... More