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Elicio Therapeutics Announces $10.0 Million Registered Direct Offering

Jan 30, 2025•over 1 year ago

Contract Type

partnership

BostonBiotechnology

Description

Elicio Therapeutics, Inc. has entered into definitive securities purchase agreements with institutional investors for the purchase of an aggregate of 1,261,830 shares of its common stock and accompanying warrants to purchase up to an aggregate of 1,261,830 shares of its common stock at a purchase price of $7.925 per share and accompanying warrant in a registered direct offering priced at-the-market under Nasdaq rules.

Company Information

Company

Elicio Therapeutics

Location

ONE KENDALL SQUARE

Boston, Massachusetts, United States

About

Elicio Therapeutics is a clinical-stage biotechnology company developing a pipeline of novel immunotherapies for the treatment of cancer. By combining expertise in immunology and immunotherapy, Elicio is engineering investigational Amphiphile (“AMP”) immunotherapies intended to precisely target and fully engage the lymph nodes, the site in our bodies where the immune response is orchestrated. Elicio is engineering lymph node-targeted AMPlifiers, immunomodulators, adjuvants, and vaccines for an array of aggressive cancers.

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Based on industry data
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