Definium Therapeutics announces proposed public offering of $500 million common shares
The company plans to use proceeds for R&D, potential commercialization of DT120 ODT, and working capital.
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Psychedelic medicine company for brain health disorders
definiumtx.comLast updated
In short: Definium Therapeutics rebranded from MindMed and reported positive Phase 3 results for its LSD therapy in treating major depressive disorder.
The company plans to use proceeds for R&D, potential commercialization of DT120 ODT, and working capital.
The company will host a webcast at 8 a.m. EDT to present results from the Phase 3 study of DT120 ODT in major depressive disorder.
Inducement grants of options to purchase 155,480 shares were issued to six non-executive employees, vesting over four years.
The Ascend study evaluates DT120 ODT versus placebo in 175 participants, with topline data expected in 2027.
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