Gain Therapeutics Plans Strategic Public Offering for Growth
Gain Therapeutics Proposes Public Offering for Expansion
Gain Therapeutics, Inc. (Nasdaq: GANX) has recently unveiled its plans to offer shares in a public offering aimed at bolstering the development of its advanced therapies. This clinical-stage biotechnology firm is recognized for its pioneering allosteric small molecule therapies that hold the potential to address serious neurodegenerative diseases.
Overview of the Offering
In this proposed offering, Gain Therapeutics plans to sell common stock and warrants, subject to market conditions. As part of this proposal, the underwriter will also have a 30-day option to acquire an additional 15% of the offered shares. With the backing of this offering, Gain is determined to drive its innovative clinical programs forward.
Funding Utilization
The financial proceeds derived from this offering are earmarked for continuing the clinical development of their lead product candidate, GT-02287. This therapy is focused on treating neurodegenerative diseases, which includes various forms of Parkinson’s disease. In addition to enhancing this clinical pathway, Gain plans to leverage these funds for general corporate purposes.
Management by Newbridge Securities
Newbridge Securities Corporation is appointed as the sole book-running manager for the offering, effectively overseeing the transaction and ensuring its successful execution.
About Gain Therapeutics, Inc.
Gain Therapeutics stands out in the realm of biotechnology, particularly for its commitment to innovating therapies designed to provide significant benefits for patients battling neurodegenerative diseases. The firm’s primary candidate, GT-02287, is currently being assessed in a Phase 1b clinical trial aimed at various manifestations of Parkinson’s disease, offering hope for patients harboring GBA1 mutations.
Addressing Critical Health Needs
Beyond Parkinson’s disease, GT-02287 demonstrates potential applications for other serious conditions like Gaucher’s disease and various forms of dementia, including Alzheimer’s. Additionally, Gain has a portfolio of undisclosed preclinical candidates targeting other challenging health issues such as solid tumors and metabolic disorders.
The Magellan™ Platform
At the core of Gain’s development process is its cutting-edge Magellan™ platform. This technology empowers the discovery of new allosteric small molecule modulators, allowing them to restore or alter protein functions. This positions Gain at the forefront of drug discovery, aiming to bring forward solutions for challenging diseases previously deemed untreatable.
Contact Information
For more inquiries, Gain Therapeutics invites interested parties to reach out to:
Gain Therapeutics, Inc.
Apaar Jammu
Manager, Investor Relations and Public Relations
Email: ajammu@gaintherapeutics.com
LifeSci Advisors LLC
Chuck Padala
Managing Director
Email: chuck@lifesciadvisors.com
Media Contacts:
Russo Partners LLC
Nic Johnson and Elio Ambrosio
Email: nic.johnson@russopartnersllc.com
Email: elio.ambrosio@russopartnersllc.com
Phone: (760) 846-9256
Frequently Asked Questions
What is Gain Therapeutics planning with their public offering?
Gain Therapeutics is proposing a public offering to sell shares and warrants to fund the clinical development of its therapies, particularly GT-02287.
What is GT-02287?
GT-02287 is Gain Therapeutics' lead drug candidate being evaluated to treat neurodegenerative diseases, including various forms of Parkinson’s disease.
Who is managing the public offering?
Newbridge Securities Corporation is serving as the sole book-running manager for the proposed public offering.
What is the purpose of the funds raised from the offering?
The proceeds will be used to advance clinical development and for general operational expenses of Gain Therapeutics.
What technology does Gain Therapeutics use for drug discovery?
Gain utilizes the Magellan™ platform, which focuses on discovering allosteric small molecule modulators aimed at developing new therapies for challenging diseases.
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