Curasight: Q3 report and exercise period in warrant TO2 starts
The company reported Q3 figures this morning - highlights from the report:
Operating loss before tax for the third quarter of 2024
amounted to kDKK -8,523 vs- (kDKK -8,484 - 2023).
Operating loss before tax for the first nine months of 2024
amounted to kDKK -30,002 vs. (kDKK -25,328 - 2023)
Cash amounted to kDKK 7,938
We host event with management Monday 25th. at 11:30 AM - sign up here: Curasight Q3 event
The exercise period for warrants of series TO2 starts today - see timeline here:
The exercise price for TO2 has been set at DKK 11.50 per share. In the event of full utilization of warrants of series TO2, approximately DKK 42.4 million will be added to the Company before issue costs. If fully subscribed the dilution amounts to approximately 15.1 percent of the capital and votes.
Disclaimer: HC Andersen Capital receives payment from the Curasight for a Digital IR/Corporate Visibility subscription agreement. Analyst Claus Thestrup 8:30 AM, 20.11.2024
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Curasight is a Danish biotech company focusing on developing and improving the detection and treatment of cancer in a more gentle and efficient way. The company has two pipeline products that both use radionuclide (nuclear medicine) to facilitate better diagnosis and treatment of various cancer types; uTRACE use the so-called uPAR as a biomarker to diagnose the aggressiveness of cancer, and uTREAT use the uPAR as a attachment to treat the cancer. Based on good phase 2 data that has already been collected or will be in the first half of 2022, Curasight is expected to prepare phase 3 for uTRACE later in 2022 and 2023 for the following four cancer types: prostate, brain, neuroendocrine, and head and neck cancer.
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