Provectus Biopharmaceuticals Announces Seed Financing for VisiRose, Provectus's Spinoff Company for Rose Bengal-Based Eye Drugs
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Provectus Biopharmaceuticals has announced a $3 million seed financing round for its spinoff company, VisiRose, which is focused on developing eye drugs based on Rose Bengal.
January 14, 2025 | 1:15 pm
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Provectus Biopharmaceuticals has secured $3 million in seed financing for its spinoff, VisiRose, which is developing Rose Bengal-based eye drugs.
The seed financing for VisiRose indicates progress in Provectus's strategy to develop novel ocular therapeutics, which could enhance its product pipeline and future revenue potential. This positive development is likely to have a favorable short-term impact on PVCT's stock price.
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