Revive Therapeutics Secures Funding Through Private Placement Success
Revive Therapeutics Secures Funding Through Private Placement Success
Revive Therapeutics Ltd. has recently completed the closing of a second tranche of its private placement, allowing the company to raise important capital to further its innovative work in therapeutic development. With this new round of funding, Revive aims to advance critical medical projects designed to address urgent healthcare needs.
Details of the Private Placement
The company successfully issued 4,352,381 units priced at $0.021 each, resulting in gross proceeds of $91,400. Each unit consists of one common share along with a warrant, which allows the holder to purchase an additional common share at an exercise price of $0.05 for a period of 36 months subsequent to the closing.
Usage of Proceeds
The funds generated through this private placement will be primarily allocated towards enhancing working capital and managing specific trade payables. This strategic move underscores the company’s commitment to stabilizing its financial standing and supporting operational growth.
About Revive Therapeutics Ltd.
Revive Therapeutics is a specialty life sciences enterprise with a mission to develop groundbreaking therapeutics aimed at critical medical requirements. They focus on optimizing their drug development pipeline through various FDA regulatory incentives, including Emergency Use Authorization and Breakthrough Therapy designations. These initiatives are intended to enable faster progression and market entry for their innovative solutions.
Focus on Innovative Therapeutics
The company is currently dedicating its efforts to unlock the potential of Bucillamine as a treatment for infectious diseases and medical countermeasures. Notably, their research includes pioneering applications for nerve agent exposure. Additionally, Revive is actively working on therapies involving Psilocybin and molecular hydrogen, thus positioning themselves at the forefront of medical science exploration.
Future Directions and Growth
With the successful closure of this funding round, Revive Therapeutics is poised to advance its research and development initiatives significantly. As the world navigates the complexities of health crises, such as viral outbreaks and other medical challenges, the work undertaken by Revive could provide vital solutions. The company's innovative programs not only position it as a key player in the life sciences sector but also reflect a broader commitment to addressing critical health concerns on a global scale.
For more information, visit www.ReviveThera.com.
For inquiries, please contact:
Michael Frank
Chief Executive Officer
Revive Therapeutics Ltd.
Tel: 1 888 901 0036
Email: mfrank@revivethera.com
Website: www.revivethera.com
Frequently Asked Questions
What is Revive Therapeutics known for?
Revive Therapeutics specializes in developing innovative therapies to address critical medical needs, focusing on treatments for infectious diseases and beyond.
How much funding did Revive Therapeutics raise?
The company raised approximately $91,400 through the second tranche of its private placement.
What will the funds be used for?
The funds will primarily be used for working capital and to manage certain trade payables.
What are some of Revive's therapeutic focuses?
Revive is concentrating on the potential of Bucillamine and pursuing projects involving Psilocybin and molecular hydrogen therapies.
How can I learn more about Revive Therapeutics?
You can learn more about their initiatives and offerings by visiting their website at www.ReviveThera.com.
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