CervoMed closes $10 million registered direct offering
The offering of 2.5 million shares at $4.00 per share was placed by H.C. Wainwright & Co. and proceeds will be used for working capital.
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Clinical-stage biotechnology company developing treatments for age-related brain disorders
cervomed.comLast updated
In short: CervoMed secured $10.5M in financing and aligned with the FDA on a Phase 3 trial design for its lead drug candidate, neflamapimod.
The offering of 2.5 million shares at $4.00 per share was placed by H.C. Wainwright & Co. and proceeds will be used for working capital.
The $10.5M raise extends runway to Q2 2027 and supports partnership to move neflamapimod into Phase 3 for DLB.
Cash at $12.9M, net loss $8.0M, and progress on Phase 3 DLB trial and other programs.
The update includes MRI analyses from Phase 2b, regulatory alignment, and finalized Phase 3 design. Additional data at AAN meeting.
CervoMed Inc. (NASDAQ: CRVO), a clinical-stage biotechnology company developing treatments for age-related brain disorders (CervoMed or the Company), today announced the closing of its previously...
CervoMed Inc. (NASDAQ:CRVO) shares climbed 20% on Thursday after the company announced it had received a notice of allowance from the U.
CervoMed Inc. surged as promising neurodegenerative trial data boosted sentiment; stocks have been trading up by 19.95 percent. Key Takeaways CervoMed is raising about $10.5M...
Additional funding will extend anticipated runway into second quarter of 2027 Strategic priority is to establish a partnership to advance neflamapimod into Phase 3 in...
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