RE: More than expectations 🍒28 Apr 2026 12:01
Correction on my earlier post — I initially referenced a smaller raise, but the actual RNS confirms ~£3M from institutional investors.
That *is* a step up and a more credible.
That said, the core points don’t really change for Hemogenyx Pharmaceuticals:
* Still Phase 1, small cohort, dose not established
* No clear efficacy signal yet
* £3M improves runway, but likely doesn’t fully fund through the milestones that lay a head
* Further funding (and dilution) still likely
So yes — funding quality has improved.
But this is still:
Early-stage + not fully de-risked + not fully funded
Fair to say it’s moved from “weak” to “improving”, not to “strong”. 🐭