Surrozen closes second tranche raising $95.1 million to fund pipeline through 2029
Funding extends cash runway into 2029, supporting SZN-8141's DUET study initiation and SZN-8143 clinical development following FDA IND clearance.
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Biotechnology company developing Wnt-based ophthalmic therapies
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In short: Surrozen raised $95.1 million and secured FDA clearance to begin the DUET trial for SZN-8141.
Funding extends cash runway into 2029, supporting SZN-8141's DUET study initiation and SZN-8143 clinical development following FDA IND clearance.
This milestone triggers the second closing of a private placement expected to raise $95.1 million. First patient dosing in the DUET study is planned for late 2026.
The company plans IND submission for SZN-8141, DUET trial initiation, and highlighted a Boehringer Ingelheim milestone and PTAB patent win.
Cash at $106.9M. On track for SZN-8141 IND submission H2 2026. Net loss $127.5M.
On October 20, 2026, Surrozen closed the second and final tranche of its March 2025 private placement, raising approximately $95.1 million in gross proceeds through...
- Surrozen SRZN-17.46% (SRZN) shares plummeted 18% amid profit-taking after the SZN-8141 IND submission catalyst, closing at $24.36. - Extreme volatility saw intraday swings from...
Economic Observer Network Surrozen, Inc. (SRZN) has recently seen a significant surge in its stock price driven by news regarding an Investigational New Drug (IND) milestone and financing. Recent Stock Performance From September 24 to 25, the stock price accumulated a gain of approximately 103% over two days. On September 24 alone, it surged by +108.42%, with trading volume expanding to approximately 11.53 million shares, as the market reacted strongly to the "IND milestone + financing release." The above content is compiled based on public information and does not constitute investment advice...
The FDA clearance of the SZN-8141 IND satisfies the second closing milestone under Surrozen's March 2025 two-tranche private ...
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