RE: Prospects6 Apr 2026 18:24
Where are we, what has actually been achieved: Hemogenyx Pharmaceuticals plc has raised £2,500,000 through a direct subscription of 333,333 new ordinary shares at £7.50 per share, with new investors also receiving warrants. These funds will primarily support the continuation of Phase I clinical trials for HG-CT-1, further hemogenyx have outsourced the manufacturing The company has also reduced its burn rate by outsourcing HG-CT-1 manufacturing. Following admission, the enlarged issued share capital will comprise 6,374,588 ordinary shares.
three of 18 adult patients treated, All passed initial safety checks, No dose-limiting toxicity so far the Trial progressed to higher dose cohort, Early encouraging efficacy signals NOT confirmed yet, the Paediatric trial arm opened, this is why the stock ran hard trial continuation &.safety success that's why you witnessed a 10x movement because the market priced in hemogenyx achievement. Market reaction spike...fade this signals to traders. De-risking” (safety looks good) “Progression” (moving up doses) Optionality” (paediatric + expansion) BUT No confirmed remission data yet....No hard efficacy proof, sell into strength ! so the sp is choppy & remains in No-mans-land for how long ? that depends on on-coming data!
If you brought @ a higher price than present you are not investing you are Gambling🐭