AdAlta Limited

Equities

1AD

AU0000001AD2

Biotechnology & Medical Research

Market Closed - Australian S.E. Other stock markets 12:11:15 2024-05-20 am EDT			5-day change	1st Jan Change
0.024 ^AUD	0.00%		-4.00%	0.00%

May. 13	AdAlta Signs Master Services Agreement with Cell Therapies; Shares Up 4%	MT
Apr. 29	AdAlta Secures Up to AU$3.7 Million for MOU, i-body Programs	MT

AdAlta eyes AD-214 Phase I extension study

July 18, 2023 at 02:01 pm EDT

(via NewsDirect)

AdAlta Ltd (ASX:1AD) CEO Tim Oldham tells Proactive the company has raised $1.87 million through an oversubscribed shortfall facility.

The cash flow comes as part of a non-renounceable pro-rata rights offer announced on April 28 and brings the total amount raised under the rights offer to the target amount of $3.15 million, excluding costs. The ASX-lister will channel the funds into a Phase 1 extension study for AD-214, its lead fibrosis asset.

A portion of the funding will also be dedicated to further AD-214 partnering negotiations and to explore synergistic technology and product transaction opportunities.

MacLeman said: "Our recent results linking a clinically convenient dosing of AD-214 every two weeks with efficacy in a key fibrosis process, and our positive partnering discussions at BIO2023, increase our confidence in the return on the new investments enabled by this financing round.

“We are grateful to our existing and new shareholders who have supported it."

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about AdAlta Limited

AdAlta Signs Master Services Agreement with Cell Therapies; Shares Up 4%	May. 12	MT
AdAlta Secures Up to AU$3.7 Million for MOU, i-body Programs	Apr. 28	MT
AdAlta Explores Cancer Immunotherapies Joint Venture for Western Market	Apr. 08	MT
AdAlta Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 26	CI
AdAlta-La Trobe University Collab Discovers New i-Bodies for Malaria Treatment; Shares Climb 4%	Dec. 18	MT
Adalta Posts Upbeat Results from Phase I Trial of Fibrotic Disease Drug	Nov. 22	MT
AdAlta Raises AU$1.7 Million Via Oversubscribed Placement; Shares Down 9%	Nov. 07	MT
AdAlta to Seeks AU$1.2 Million from Share Placement	Nov. 03	MT
AdAlta Receives AU$2.4 Million R&D Tax Rebate	23-10-18	MT
Adalta Completes Enrollment for Phase 1 Study on Fibrotic Disease Medication; Shares Fall 9%	23-09-20	MT
AdAlta Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-25	CI
Adalta Carries Out First Dosing in Phase One Extension Study of Fibrotic Disease Medication; Shares Jump 4%	23-08-03	MT
AdAlta Raises AU$1.9 Million Via Oversubscribed Shortfall Facility	23-07-13	MT
AdAlta Secures Ethics Approval for Phase One Clinical Trial	23-06-28	MT
AdAlta Raises AU$1.3 Million Via Rights Offer	23-05-24	MT
Adalta Limited Announces Retirement of Elizabeth Mccall as Non-Executive Director	23-03-23	CI
AdAlta Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-02-27	CI
Journal of Biological Chemistry Highlights Potential of Adalta's i-Body Platform for Treating Osteoporosis	23-01-26	MT
Australian Researchers Demonstrate AdAlta's i-Body Platform's Treatment Potential for Osteoporosis	23-01-25	MT
Adalta Welcomes Two Investors Associated with Yuuwa Capital	23-01-24	MT
AdAlta Secures Second Patent for I-body Candidate	23-01-09	MT
AdAlta Limited Provides an Update on Its Lead Program, AD-214	22-11-01	CI
Australian Shares in the Red as US Fed Likely to Continue Rate Hikes	22-10-13	MT
Adalta, GPCR Therapeutics to Evaluate New Cancer Treatment Approach	22-10-12	MT
AdAlta Limited & GPCR Therapeutics, Inc. to Evaluate CXCR4 I-Bodies in Cancer	22-10-12	CI

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Company Profile

AdAlta Limited is an Australia-based clinical-stage drug discovery company. The Company is engaged in the development of therapeutic products from its i-body platform. The Company has five active development programs ranging from discovery to Phase II clinical trials with applications in the fields of inflammation/fibrosis and immuno-oncology. Its lead product, AD-214, is an antibody therapeutic for the treatment of fibrotic diseases, including lung fibrosis (specifically Idiopathic Pulmonary Fibrosis (IPF) and Interstitial Lung Disease (ILD)), kidney fibrosis, eye fibrosis and some cancers. Chimeric Antigen Receptor (CAR) cell therapies involve modification of a patientâs immune cells (T cells, NK cells, macrophages and other) so that they produce a CAR on the cell surface that enables the patientâs immune system to recognize and kill diseased cells such as cancer. It develops i-body enabled PET (i-PET) imaging agents for use in immuno-oncology. It evaluates several CXCR4 i-bodies.

Sector

Biotechnology & Medical Research

Calendar

2024-08-22 - Q4 2024 Earnings Release (Projected)

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Sector Bio Therapeutic Drugs

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