Zelira Therapeutics shares more than doubled in value after the company locked in a US$32.98 million (A$49.28m) capital injection into its HOPE 1 special purpose vehicle (SPV).
The deal was struck with biotechnology fund ThirdGate Capital, which will own 50% of the HOPE 1 SPV, while Zelira retains 39.7%. The balance is held by existing investors and management.
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