Serina Therapeutics Raises $5 Million for Clinical Development of Parkinson's Drug

MT Newswires Live

04/09

Serina Therapeutics (SER) said Tuesday that it raised $5 million in financing from shareholders, which will be utilized to support the development of POZ-apomorphine to treat Advanced Parkinson's disease.

The phase 1 clinical trial of the candidate is expected to commence in Q4, the company said.

The company raised the financing by issuing 965,250 shares of convertible preferred stock at $5.18 per share.

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