Shares of Inhibikase Therapeutics rose after the company said it sold 25 million of its common shares to RA Capital Management through its at-the-market sales program for gross proceeds of $50 million.
Shares were recently up 12% at $2.19 late Tuesday morning. The stock is up about 29% over the past three months.
Inhibikase said the additional capital, together with existing cash, is expected to support operations through the topline data readout in Part B of its global Phase 3 study in pulmonary arterial hypertension. That assumes the outstanding Series A and B warrants are fully exercised.
Write to Doc Louallen at Doc.Louallen@wsj.com
(END) Dow Jones Newswires
July 14, 2026 11:10 ET (15:10 GMT)
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