Cantargia makes a directed share issue of approximately SEK 106 million for increased investments in the clinical development of CAN04

Cantargia makes a directed share issue of approximately SEK 106 million for increased investments in the clinical development of CAN04

The proceeds from the share issue enable expanded investments in the company’s main project, CAN04 (nidanilimab), with a new clinical study in the US and an expansion of the most promising patient sub-group of the ongoing clinical CANFOUR study. CAN04 is an antibody in phase IIa clinical development against non-small cell lung cancer and pancreatic cancer.

The investors are a number of Nordic institutional investors; Alecta (approximately SEK 76.5 million), Handelsbanken Fonder (SEK 7.6 million), EWS Foundation (SEK 3.8 million) and Jesem AS (SEK 1.8 million). In addition thereto a number of private investors have subscribed for shares for approximately SEK 16.2 million, through Avanza Pension.

We are delighted over the great confidence in our business, evidenced by this financing. We will now be able to take two important steps, accelerating the development of CAN04 towards the market. We envisage great possibilities for CAN04 to become an important part of the future cancer treatment”, says Göran Forsberg, CEO of Cantargia.

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Cantargia