Galmed Pharmaceuticals (GLMD) has released an update.
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Galmed Pharmaceuticals has amended its Standby Equity Purchase Agreement with YA II PN, LTD., allowing the company to issue and sell up to $20 million of its ordinary shares. This strategic move aims to enhance financial flexibility and could attract investor interest by providing a clearer pathway for capital infusion. The amendment underscores Galmed’s commitment to strengthening its financial standing while maintaining investor confidence.
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