bullish
Paradigm Biopharmaceuticals (PAR AU): Comfortable Funding Position Through 2024
Tina has highlighted this Insight as a Top Pick
322 Views17 Aug 2022 21:58
SUMMARY
- Paradigm Biopharmaceuticals (PAR AU) announced A$66 million capital raising, comprising A$45.7 million institutional placement and rights issue offer of A$20.3 million at A$1.30 per share.
- At the completion of the transaction, Paradigm will have a proforma cash position of $108.5 million, which funds the company into 2024.
- Paradigm is expected to announce data from one of its key trials related to knee OA pain in September, which will be a near-term catalyst for the company.
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Tina Banerjee
Global Healthcare Analyst
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- Paradigm Biopharmaceuticals (PAR AU): Fund Raising Amidst Pipeline Progress Raises Conviction08 Dec 2024
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- Paradigm Biopharmaceuticals (PAR AU): Concerns Persist Amid Deteriorating Financials14 Mar 2022
- Paradigm Biopharmaceuticals (PAR AU): Concerns on First Potentially Commercialized Product11 Jan 2022
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