Serina Therapeutics Secures $10 Million Financing to Continue Advancing Lead IND Candidate into Phase 1 Clinical Trial in Advanced Parkinson's Disease Patients
Serina Therapeutics, Inc. (SER)
Company Research
Source: GlobeNewswire
HUNTSVILLE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Serina Therapeutics, Inc. (“Serina”) (NYSE American: SER), a clinical-stage biotechnology company, today announced a $10 million equity financing with strategic shareholder JuvVentures (UK) Limited. The transaction provides Serina with funding to continue advancing SER-252 (POZ-apomorphine), enabled by its proprietary POZ Platform™ drug optimization technology, into a Phase 1 clinical trial in advanced Parkinson's disease patients in the second half of 2025. Under the terms of the funding agreement, Serina will issue one million shares of common stock at $10 per share, a 120% premium to the closing price on November 26, 2024. The financing will be delivered in two tranches: the first $5.0 million tranche was received November 27, 2024, and the second $5.0 million tranche by January 31, 2025. Serina filed a Form 8-K with the SEC on December 2, 2024 that provides additional information regarding this transaction. About SER-252 (POZ-apomo
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News
- Serina Therapeutics to Present at Tribe Public's Webinar Event "Enabling Continuous Drug Delivery for Parkinson's Disease & Beyond" on Wednesday, December 18, 2024 [Yahoo! Finance]Yahoo! Finance
- Serina Therapeutics to Present at Tribe Public’s Webinar Event "Enabling Continuous Drug Delivery for Parkinson's Disease & Beyond" on Wednesday, December 18, 2024GlobeNewswire
- Serina Therapeutics to Present at the 3rd Annual LNP Immunogenicity & Toxicity Summit [Yahoo! Finance]Yahoo! Finance
- Serina Therapeutics to Present at the 3rd Annual LNP Immunogenicity & Toxicity SummitGlobeNewswire
- Serina Therapeutics Reports Third Quarter 2024 Financial Results and Provides Business HighlightsGlobeNewswire
SER
Sec Filings
- 12/26/24 - Form 8-K
- 12/18/24 - Form 8-K
- 12/11/24 - Form 8-K
- SER's page on the SEC website