Aethlon Medical announces merger with North Immunology for $180 million in funding
The combined entity will focus on developing the NOR-101 bispecific antibody for atopic dermatitis and expects to complete the transaction by early 2027.
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Medical device developer for cancer and viral infections
aethlonmedical.comLast updated
In short: Aethlon Medical announced a $180 million merger with North Immunology to develop NOR-101
The combined entity will focus on developing the NOR-101 bispecific antibody for atopic dermatitis and expects to complete the transaction by early 2027.
The company reports $4.9 million in cash, a $4.0 million public stock offering after the quarter, an 11.9% decrease in operating expenses, and Phase 1 oncology trial advancements alongside accepted Long COVID research.
The company plans to allocate the net proceeds toward research and development, clinical trials, and working capital. Maxim Group acts as placement agent with closing anticipated shortly.
The company advanced its Australian oncology trial into the final dosing cohort, secured new patents for Long COVID applications, and reduced operating expenses by nearly twenty-two percent compared to the previous fiscal year.
Detailed price information for Aethlon Medical Inc (AEMD-Q) from The Globe and Mail including charting and trades.
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