PharmaCyte Biotech Makes $7 Million Strategic Investment in MyMD, A Biopharmaceutical Company Focused on Inflammatory Disease [Yahoo! Finance]
PharmaCyte Biotech, Inc. (PMCB)
NASDAQ:AMEX Investor Relations:
ir.pharmacytebiotech.com
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Source: Yahoo! Finance
LAS VEGAS, May 21, 2024 BUSINESS WIRE )--PharmaCyte Biotech, Inc. (Nasdaq: PMCB) ("PharmaCyte" or the "Company"), today announced a $7 million investment in MyMD Pharmaceuticals, Inc. (Nasdaq:MYMD) ("MyMD") a clinical stage biopharmaceutical company committed to developing novel therapies for age-related diseases, autoimmune and inflammatory conditions. MyMD has announced positive data for a 40-patient Phase 2 clinical trial for its lead product, MYMD-1 in sarcopenia, and is moving its clinical program forward in consultation with the U.S. Food and Drug Administration (FDA). PharmaCyte's investment in externally developed technology solidifies its strategy to prudently apply its approximately $65 million (as of March 31, 2024) cash position. Chris Chapman, M.D., president and chief medical officer of MyMD, stated, "This investment comes at an important inflection point for MyMD, as we are actively preparing to continue our clinical studies in our lead product candidate, MYMD-1, fol
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Sec Filings
- 5/23/24 - Form 8-K
- 5/1/24 - Form 8-K
- 3/27/24 - Form ARS
- PMCB's page on the SEC website