Cynata Therapeutics Limited (AU:CYP) has released an update.
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Cynata Therapeutics Limited has successfully raised $8.1 million through an institutional placement following promising Phase 1 clinical trial results for its diabetic foot ulcer treatment. The funds will bolster the company’s financial position, enabling further development of its diverse clinical programs, including trials for graft-versus-host disease and osteoarthritis. This strategic move reflects strong investor confidence in Cynata’s innovative therapeutic platform and future growth potential.
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