Actuate Therapeutics, Inc. Common stock (ACTU)
Actuate Therapeutics, Inc. is a biopharmaceutical company focused on developing and commercializing targeted therapies for the treatment of cancer and inflammatory diseases. The company is known for its research and development efforts aimed at addressing unmet medical needs through innovative drug candidates.
Company News
Actuate Therapeutics successfully closed a $17.25 million public offering of 2,464,286 common stock shares at $7.00 per share, including the full exercise of an over-allotment option. The company plans to use the net proceeds of approximately $15.62 million for working capital and general corporate purposes.
Actuate Therapeutics' Phase 2 trial of elraglusib in combination with gemcitabine/nab-paclitaxel for first-line treatment of metastatic pancreatic ductal adenocarcinoma met its primary endpoint, demonstrating a clinically meaningful increase in median overall survival.