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Amplia Therapeutics: Granted $2.1 million R&D cash flow loan
FinTechFunding
Less than 1 min.Read

Amplia Therapeutics: Granted $2.1 million R&D cash flow loan

Steve Sam
By Steve Sam

Amplia Therapeutics Granted $2.1 million R&D cash flow loan

  • Amplia Therapeutics (ATX) has been granted a $2.1 million Research and Development (R&D) cash flow loan
  • The $2.1 million will be awarded in two tranches: $1.3m in December this year and $0.8 million in the quarter ending March 31, 2022
  • The company says it will use funds to increase work on its second Focal Adhesion Kinase (FAK) inhibitor, AMP886
  • This will allow Amplia to evaluate new therapeutic opportunities and prepare preclinical activates designed to support future clinical trials of AMP886
  • AmpliaTherapeutics is up 2.9 per cent, trading at 18 cents at 12:40 pm AEDT

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