REG - Hemogenyx Pharma Plc - Institutional investment

Hemogenyx PharmaceuticalsAnnouncement

11/03/2025 07:15

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RNS Number : 0881A  Hemogenyx Pharmaceuticals PLC  11 March 2025

11 March 2024

 

Hemogenyx Pharmaceuticals plc

("Hemogenyx Pharmaceuticals" or the "Company")

Institutional backing of £709,200 for continuing Phase 1 Clinical Trials

Hemogenyx Pharmaceuticals plc (LSE: HEMO) is pleased to announce that it was
approached by an institution wishing to make an investment into the Company;
this investor will subscribe £709,200 for the issue of 394,000 new Ordinary
Shares (the "Subscription Shares") at £1.80 per share.

The subscribing institution will also receive a one-for-two warrant,
exercisable at a price of £3.50 per share for each share subscribed (the
"Warrants").

The net proceeds of this subscription will be dedicated to the continuation of
the Phase I clinical trials for the Company's Chimeric Antigen Receptor T-cell
therapy ("HG-CT-1"), aimed at treating relapsed/refractory acute myeloid
leukemia in adults ("R/R AML"). As shareholders will be aware, the initial
patient was infused with HG-CT-1 in February 2024 and, subject to a
satisfactory outcome, a second patient will be recruited and treated as
quickly as practical.

The Company will keep the market informed of future developments as trials
proceed.

An application is being made to the Main Market of the London Stock Exchange,
and admission of the Subscription Shares to trading is expected on or around
18 March 2025 ("Admission"). The Subscription Shares will rank pari passu with
the Company's existing Ordinary Shares.

Dr Vladislav Sandler, CEO & Co-Founder of Hemogenyx Pharmaceuticals,
commented:
"We are very pleased with the progress of the clinical trials for our lead
product, HG-CT-1. We are greatly encouraged by the confidence shown by the
backing of the institution and are grateful for their support in advancing our
mission to bring innovative treatments to patients with acute myeloid
leukemia. This investment enables us to take a significant step forward with
our HG-CT-1 program, moving further with clinical trials and bringing us
closer to providing a new therapeutic option for patients facing this
aggressive disease."

Total Voting Rights

For the purpose of the Disclosure Guidance and Transparency Rules, following
Admission the enlarged issued share capital of the Company will comprise
4,093,539 ordinary shares. The Company does not hold any shares in treasury.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company, under the
Disclosure Guidance and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been inside
information for the purposes of Article 7 of Regulation No 596/2014 (as it
forms part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018) until the release of this announcement. The person responsible for
arranging for the release of this announcement on behalf of Hemogenyx
Pharmaceuticals plc is Dr Vladislav Sandler, Chief Executive Officer &
Co-Founder.

 

Enquiries:

 Hemogenyx Pharmaceuticals plc                                   https://hemogenyx.com (https://hemogenyx.com/)
 Dr Vladislav Sandler, Chief Executive Officer & Co-Founder      headquarters@hemogenyx.com (mailto:headquarters@hemogenyx.com)
 Peter Redmond, Director                                         peter.redmond@hemogenyx.com (mailto:peter.redmond@hemogenyx.com)
 SP Angel Corporate Finance LLP                                  Tel: +44 (0)20 3470 0470
 Matthew Johnson, Vadim Alexandre, Adam Cowl
 Peterhouse Capital Limited                                      Tel: +44 (0)20 7469 0930
 Lucy Williams, Duncan Vasey, Charles Goodfellow

About Hemogenyx Pharmaceuticals plc

Hemogenyx Pharmaceuticals is a publicly traded company (LSE: HEMO)
headquartered in London, with its US operating subsidiaries, Hemogenyx
Pharmaceuticals LLC and Immugenyx LLC, located in New York City at its
state-of-the-art research facility.

 

The Company is a clinical stage biopharmaceutical group developing new
medicines and treatments to treat blood and autoimmune diseases. Hemogenyx
Pharmaceuticals is developing several distinct and complementary product
candidates, as well as platform technologies that it uses as engines for novel
product development.

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