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Bio-Path Holdings Announces $4.0 Million Private Placement Partnership with H.C. Wainwright & Co.

Oct 09, 2024•over 1 year ago

Contract Type

partnership

BellaireBiotechnology

Description

Bio-Path Holdings, Inc. has entered into definitive agreements for the issuance and sale of shares of its common stock and warrants in a private placement partnership with H.C. Wainwright & Co. The gross proceeds to the company from the offering are expected to be approximately $4.0 million.

Company Information

Company

Bio-Path Holdings

Location

4710 BELLAIRE BOULEVARD

Bellaire, Texas, United States

About

Bio-Path is a biotechnology company developing targeted therapies for acute myeloid leukemia (AML), lymphoma, chronic lymphocytic leukemia, gynecological cancer and other challenging cancers. The company’s lead product candidate, prexigebersen (Liposomal Grb2 Antisense), formerly BP1001, is currently being assessed in a Phase 2 clinical study in previously untreated AML patients, who are not eligible for or who have decided to forego intensive chemotherapy because of their fragile health, and in refractory/relapsed AML patients. Additionally, BP1001-A is being assessed in a Phase 1 study in refractory/relapsed patients with solid tumors. The Company’s second product BP1002 (Liposomal Bcl-2 Antisense) is being evaluated in Phase 1 trials in patients with refractory/relapsed lymphoma and AML.

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Based on industry data
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