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CERo Therapeutics, Inc. Announces Financing and Provides Update on Investigational New Drug Application for CER-1236 [Yahoo! Finance]

CERo Therapeutics Holdings, Inc. (CERO) 
Company Research Source: Yahoo! Finance
Food and Drug Administration regarding clinical hold for CER-1236; announces key management changes SOUTH SAN FRANCISCO, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- CERo Therapeutics Holdings, Inc . (Nasdaq: CERO) (“CERo”), an innovative immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, today announced that existing investors have committed a financing of $1.25 million. With these funds the Company plans to work with the U.S. Food and Drug Administration to resolve the remaining IND issue for CER-1236, which is on clinical hold. Vice Chairman Chris Ehrlich will become Chairman and Interim Chief Executive Officer. Brian Atwood has elected to step down as President and CEO to become a consultant to CERo and to Mr. Ehrlich during this transition; he will remain on the board of directors. Both Charles Carter, CERo's Chief Financial Officer, and Daniel Corey, M.D., Chief Technology Officer have also elected Show less Read more
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