Aptorum Group Limited Announces Pricing of $3.0 Million Registered Direct Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2025
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Source: Newsfilter
Securities Offering Announcement: Aptorum Group Limited has entered into a securities purchase agreement to sell 1,535,000 Class A Ordinary Shares at $2.00 per share, aiming to raise approximately $3.0 million before expenses, with the offering expected to close on January 3, 2025.
Company Overview and Future Outlook: The company focuses on developing therapeutic assets for unmet medical needs in oncology and infectious diseases, and includes forward-looking statements regarding its business prospects and potential risks associated with its operations.
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About APM
Aptorum Group Limited is a United Kingdom-based clinical-stage biopharmaceutical company dedicated to the discovery, development and commercialization of therapeutic assets to treat diseases with unmet medical needs, particularly in oncology (including orphan oncology indications) and infectious diseases. Its lead projects are ALS-4, SACT-1 and PathsDx Test. ALS-4 is a small drug molecule which appears to target the products produced by bacterial genes that facilitate the successful colonization and survival of the bacterium in the body or that cause damage to the body's systems. SACT-1 is the first repurposed drug candidate to be developed under the Smart-ACT drug discovery platform. The Company's pipeline is also enriched through the co-development of PathsDx Test, a molecular-based rapid pathogen identification and detection diagnostics technology, with Accelerate Technologies Pte Ltd, the commercialization arm of the Singapore's Agency for Science, Technology and Research.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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