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Bullboard - Stock Discussion Forum Algernon Pharmaceuticals Inc. C.AGN

Alternate Symbol(s):  AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N... see more

CSE:AGN - Post Discussion

Algernon Pharmaceuticals Inc. > AGN.c Private placement
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Post by Stockydoc on Aug 19, 2022 1:51pm

AGN.c Private placement

AGN.c announced a non-brokered PP yesterday for gross proceeds of $1.4M. The proceeds from the PP will be used to fund research and development programs, general and administrative expenses and for working capital purposes.

AGN.c has been trending up since recent positive results from its phase 2 study of Ifenprodil for IPF and chronic cough. These funds from the PP will provide financial security for AGN and allow them to further accelerate R&D programs for both Ifenprodil and DMT

https://ca.finance.yahoo.com/news/algernon-pharmaceuticals-announces-private-placement-110000214.html
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