PsiOxus Will Seek $50m Series D Financing In H1 2018 To Fund Pipeline

PsiOxus Therapeutics' CEO tells Scrip it will seek the fresh funding next year to progress its pipeline which aims to treat solid tumors through systemic delivery of oncolytic viruses.

Pipeline
PsiOxus Seeks Further Funds In 2018 To Progress Three Pipeline Assets • Source: Shutterstock

PsiOxus Therapeutics Ltd. says it has adequate funds for the moment after a freshly earned $15m milestone from partner Bristol-Myers Squibb Co – but its ambitions to move forward with its novel pipeline will send the firm back to investors for a Series D Financing to raise around $50m in the first half of 2018.

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