Heat Biologics registers $50M mixed shelf offering; shares ahead 2% on Pelican grant [Seeking Alpha]
Heat Biologics, Inc. (HTBX)
Last heat biologics, inc. earnings: 8/14 07:00 am
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US:NASDAQ Investor Relations:
heatbio.com/heat-biologics-inc-present-webcast-two-investor-conferences-september
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Source: Seeking Alpha
Heat Biologics registers $50M mixed shelf offering; shares ahead 2% on Pelican grantHeat Biologics (HTBX+2%) files anS-3 for a $50M mixed shelf offering. Net proceeds will fund pipeline development, working capital and general corporate purposes.Separately, subsidiary Pelican Therapeutics received thesecond tranche of $6.5M from the $15.2M grant from the Cancer Prevention and Research Institute of Texas. Pelican has received $8.3M thus far to fund a Phase 1 study of PTX-35, a co-stimulatory monoclonal antibody that binds to a T cell receptor called TNFRSF25. The company says it can potentially improve clinical responses to a range of therapeutics including checkpoint inhibitors by expanding the population of antigen-specific "memory" immune cells that play a leading role in eradicating tumors.See all stocks on the move »
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