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BioWorld - Friday, May 27, 2022
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Home » Canbridge raises $77.4M with Hong Kong IPO
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Canbridge raises $77.4M with Hong Kong IPO

Dec. 10, 2021
By David Ho
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Canbridge Pharmaceuticals Inc. has raised HK$604 million ($77.4 million) with a listing on the Hong Kong stock exchange, selling about 56.3 million shares (1228.HK) at HK$12.18 per share. The shares fell to HK$8.90 at the close of trading Dec. 10. Almost half the funds will support advancement of Canbridge’s lead candidate, CAN-008, a glycosylated CD95-Fc fusion protein in phase II testing for glioblastoma, while another quarter will support other major pipeline programs.
BioWorld Financings Cancer IPO Asia-Pacific China

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