Bright Minds Biosciences (TSE:DRUG) has released an update.
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Bright Minds Biosciences has successfully closed a $35 million private placement, attracting significant participation from major healthcare investors such as Cormorant Asset Management and RA Capital Management. The funds raised will be directed towards advancing the company’s drug development programs focused on neurological and psychiatric disorders. This strategic move underscores Bright Minds’ commitment to delivering breakthrough therapies and enhancing its position in the biotech sector.
For further insights into TSE:DRUG stock, check out TipRanks’ Stock Analysis page.
