Percheron Therapeutics (AU:PER) has released an update.
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Percheron Therapeutics has made significant progress in the past quarter, with its drug Avicursen showing promising preclinical results in reducing seizure frequency in autoimmune epilepsy. The company has also completed a crucial nine-month animal toxicology study with no unexpected findings and secured $13 million through an oversubscribed institutional placement, ensuring funding into 2026. Investors are eagerly anticipating the initial data readout from a Phase IIb trial of Avicursen in Duchenne muscular dystrophy, expected in December 2024.
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