Antisense Therapeutics: Raises $7.3M for DMD treatment

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Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.
  • Antisense Therapeutics (ANP) has raised $7.3 million for its Duchenne muscular dystrophy (DMD) treatment
  • The company will issue 73 million shares at 10 cents each to new and existing shareholders
  • Additionally, it aims to raise a further $1 million under a share purchase plan (SPP)
  • The funds will be used to advance its applications of DMD treatment, known as ATL1102, in Europe and the U.S.
  • Additionally, earlier this week, Antisense commenced its journey to dual list on the Frankfurt Stock Exchange
  • On the market this afternoon, Antisense is down 8.70 percent and is trading for 10.5 cents per share
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