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Portage Biotech Completes $2.15 Million Private Placement with Two Directors

Jan 30, 2025

Contract Type

partnership

Road TownInformation TechnologyFinancial ServicesHealth CareArtificial IntelligenceGamingBlockchainCryptocurrencyMachine Learning

Description

Portage Biotech has announced the completion of a private placement of $2.15 million from two of its directors, with the proceeds intended for working capital and general corporate purposes for the company and its subsidiaries. The 524,390 ordinary shares were sold at $4.10 per share.

Company Information

Company

Portage Biotech

Location

Clarence Thomas Building, PO Box 4649

Road Town, Virgin Islands, British

About

Portage Biotech is clinical stage biopharmaceutical company driving the development of first-in-class immuno-oncology therapies to help more patients achieve durable treatment responses and a better quality of life. The Company is using its strong industry network and diverse drug platforms to identify novel assets and asset combinations.

Related People

Enzo
Senior decision-maker at this company
••••••••@••••••••

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

Portage Biotech signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.