PharmaCyte Biotech Inc. Expands Financial Flexibility with $7 Million Financing to Support Strategic Growth
Reuters
Aug 20
PharmaCyte Biotech Inc. Expands Financial Flexibility with $7 Million Financing to Support Strategic Growth
PharmaCyte Biotech Inc. has announced a significant expansion following the successful closing of a $7 million financing round. With this new funding, the company bolsters its financial position, now holding approximately $15.5 million in cash and over $30 million in securities. The additional capital will support PharmaCyte's ongoing business initiatives and strategic growth opportunities, according to Interim CEO Josh Silverman. This expansion is expected to bring substantial value to shareholders as the company advances its initiatives and explores new opportunities in line with its long-term strategy. Currently, PharmaCyte has around 6.8 million shares of common stock outstanding.
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