KALA BIO Announces $10,750,000 Private Placement
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KALA BIO, Inc. has announced a $10.75 million private placement with institutional investors, involving common stock and Series I Convertible Non-Redeemable Preferred Stock.
December 30, 2024 | 1:15 pm
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KALA BIO, Inc. has secured $10.75 million through a private placement, which strengthens its financial position to continue developing therapies for rare and severe eye diseases.
The private placement provides KALA BIO with significant capital, which is crucial for a clinical-stage company focused on developing therapies. This financial boost is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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