Cidara Therapeutics Announces $105 Million Private Placement
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Cidara Therapeutics has announced a $105 million private placement led by Venrock Healthcare Capital Partners, with participation from new and existing life sciences investors.
November 21, 2024 | 1:45 pm
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Cidara Therapeutics has raised $105 million through a private placement, led by Venrock Healthcare Capital Partners. This influx of capital is likely to strengthen the company's financial position and support its ongoing projects.
The $105 million private placement provides Cidara Therapeutics with significant financial resources, which can be used to advance its research and development projects. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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