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Adial Pharmaceuticals Announces Closing Of $10 Million Financing

PUBLIC · AZRFeb 16, 2022

Amount Raised

$10 Million

Round Type

Funding Round

EncinoBiotechnologyHealthcareHealth CareTherapeuticsPharmaceutical

Description

Adial Pharmaceuticals, Inc. (NASDAQ: ADIL; ADILW) (“Adial” or the “Company”), a clinical-stage biopharmaceutical company focused on developing therapies for the treatment and prevention of addiction and related disorders, today announced the closing of its previously announced registered direct offering, whereby a single accredited institutional investor purchased approximately $10 million of the Company’s common stock and pre-funded warrants, as well as warrants to purchase common stock in a concurrent private placement. The combined effective purchase price for one share of common stock (or pre-funded warrant in lieu thereof) and a warrant to purchase 0.95 shares of common stock was $2.40.

Quick answer

Azora Therapeutics, Inc. (DE) raised $10 Million in a Funding Round round, dated February 16, 2022. Azora Therapeutics, Inc. (DE) is based in Encino, California, United States.

How much did Azora Therapeutics, Inc. (DE) raise?
Azora Therapeutics, Inc. (DE) raised $10 Million in a Funding Round round on February 16, 2022.
Where is Azora Therapeutics, Inc. (DE) based and how big is it?
Azora Therapeutics, Inc. (DE) is based in Encino, California, United States. Fundz records about 17 employees.
Who are the decision-makers at Azora Therapeutics, Inc. (DE)?
Fundz holds 1 contact at Azora Therapeutics, Inc. (DE), including the Chief Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare and Therapeutics around the same time

Companies in the same sectors as Azora Therapeutics, Inc. (DE) that raised within 45 days of this round, from Fundz verified event records.

  • Cumulus Oncology raised $5.4M on February 22, 2022.
  • MindImmune Therapeutics raised $5.3M on February 4, 2022.
  • Passage Bio raised $4M (Seed) on February 1, 2022.
  • Talphera, Inc. raised $5.2M on January 24, 2022.
  • Enliven Therapeutics raised an undisclosed amount (Funding Round) on January 19, 2022.
  • Tessera Defense & Homeland Security Inc. raised $3M (Seed) on January 4, 2022.

Who to call at Azora Therapeutics, Inc. (DE), and when

A new round usually means Azora Therapeutics, Inc. (DE) is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Azora Therapeutics, Inc. (DE) raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Azora Therapeutics, Inc. (DE), from your own LinkedIn network

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Company Information

Company

Azora Therapeutics, Inc. (DE)

Location

Encino, California, United States

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Related People

1 contact
Verified contactsCary C., Chief Executive Officer hiddenSee plans and pricing
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Azora Therapeutics, Inc. (DE) raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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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.