Brief: Gracell Biotechnologies Announces Up To $150 Million Private Placement Financing
07/08/2023 16:03
Aug 7 (Reuters) - Gracell Biotechnologies Inc GRCL.O :
* GRACELL BIOTECHNOLOGIES ANNOUNCES UP TO $150 MILLION
PRIVATE
PLACEMENT FINANCING JOINED BY A SYNDICATE OF PREMIER HEALTHCARE
INVESTORS
* GRACELL BIOTECHNOLOGIES INC - AGGREGATE FINANCING EXPECTED
TO
EXTEND CASH RUNWAY INTO SECOND HALF OF 2026
* GRACELL BIOTECHNOLOGIES - OVERSUBSCRIBED TRANSACTION IS
LED BY
VIVO CAPITAL, WITH PARTICIPATION FROM INVESTORS INCLUDING ADAGE
CAPITAL PARTNERS LP
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Further company coverage: GRCL.O
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