Poolbeg Pharma Launches £4.1 Million Fundraising to Support Clinical Development

 

Poolbeg Pharma plc (LSE:POLB) has revealed plans to raise approximately £4.1 million by issuing new ordinary shares. The funds will be directed towards advancing its clinical trial pipeline, notably the Phase 2a study for POLB 001, which aims to treat Cytokine Release Syndrome caused by cancer immunotherapy. Additionally, the capital will back an oral GLP-1 proof-of-concept trial targeting the obesity market. Successful progress in these trials could open substantial commercial opportunities and pave the way for future collaborations, strengthening Poolbeg’s position in the biopharmaceutical sector and delivering value to shareholders.

About Poolbeg Pharma plc

Poolbeg Pharma is a clinical-stage biopharmaceutical firm dedicated to developing novel therapies that address significant unmet medical needs. Its pipeline includes treatments for cancer immunotherapy-induced Cytokine Release Syndrome and metabolic diseases such as obesity, including an oral glucagon-like peptide-1 receptor (GLP-1R) agonist under development.

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